Ok this LIBOR situation is getting serious.

I rarely (if ever) post anything serious/market related here. (just ask around, it's a known fact) So when it happens, means the situation is getting dire.

In a nutshell - LIBOR IS GOING PARABOLIC. Today is the 37th CONSECUTIVE day of increase.
The last time that (consecutive rise) happened Facebook did not exist. (13 YEARS AGO, November '05 to be precise).

Yes, for you labouring folks who grind Excel spreadsheets and make pitchbooks, this doesn't really affect you.
BUT FOR THE GUYS HERE WHO ACTUALLY TRADE LARGE ACCOUNTS, this is a friendly warning.

Thank me in ~6 months :)

2 Comments
 

Hi MonacoMonkey, check out these threads:

  • Ok guys, I need a serious reality check about pursuing a career in IB right track. One particular thing I'm wondering is this: how likely or easy is it, really, to get ... much into it as of yet, but I figure this forum would be a good kickstart to get me thinking on the ... (if ever) about how competitive this career really is. It's always portrayed that you'll ...
  • Yes, You Are Having a Quarter Life Crisis (and it's ok) basic tasks assigned to you. Is your VP on adderall? He has to be... Month 2: Ok, you're in it. You ... duties down. Practice makes perfect but you get the idea. Month 4: Alright, you got this, bring on ... to you. This isn't how it should work right? Month 10: 10% of company gets laid off, must cut ...
  • Is it ok to round my GPA to this? and what are my chances? i got 3.85 this semester and my overall GPA came out to be 3.376...is it ok to round it to 3.4 or ... econ is 3.74 but my overall is 3.376..i was wondering what are my chances of getting a job or at least ... year at Southern Methodist University (Cox School of Business) and my finance gpa is 3.76 and my minor ...
  • Citi, you can't be serious. It just keeps getting better. Citigroup has announced that they plan on going forward with a deal ... newly unemployed workers feel about this "important marketing priority". How many of those ...
  • When interviewing, is it ok to say that my nickname at school is "The Machine"? you remember 'The Machine' is in our group? He's got this" Thoughts? Real Estate ... Shows them my humour etc. Basically people call me this name at school because I'm a beast in ... called me the Machine in a class earlier this year. For example here's a sample use: Person A: ...
  • This is getting serious/ridiculous more tech firms. How long will this go on for before someone actually mans up and says enough is ... thread stops appearing in the forum topics over here =========> is carrying out daylight raids into ...
  • Any serious stock market participants here? is it worth it? nationalized a mine owned by a major miner and wah-lah, 20% of the stock price drops. This is something you ... didn't approve a drug? Wampa, there goes 7%. I feel like you can get caught by so much in the underlying ... operation- all the financial statements don't help at all if half your company's asset base is in ...
  • More suggestions...

No promises, but maybe one of our professional members will share their wisdom: TheCityMonkey HandsomeRob @Dennis-Fan"

I hope those threads give you a bit more insight.

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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