Wednesday, December 31, 2008
LIBOR-ing through the Bailout: The trend watch continues
So, here's the latest LIBOR trend graph from economagic.com. I ran it back to 2005, and shaded in the current recession. As a performance measure, it confirms what we hear in the MSM nearly daily - banks are not lending to each other because LIBOR (which appears to rise in times of increasing economic activity) is remaining low. Infact, LIBOR is still lower in all 4 categories then it was 3 years ago. SOme bailout, huh?