Gavin Finch Archive

Bloomberg: Fed can’t reduce LIBOR

I could fix this in twenty minutes… Money Market `Plagued’ by Libor That Fed Can’t Reduce by Gavin Finch (Bloomberg) A year after central banks started to pump trillions of dollars into the financial system to end a seizure in credit markets caused by subprime mortgages, cash is about as tight as ...Read More

ECB offers unlimited cash

Good to see the ECB seems to understand it’s about price and not quantity. The reporter isn’t quite there, however. Maybe when the smoke clears and it turns out no net euros are involved the financial press will get it right. Or maybe they will accuse the ECB of ‘tricking the markets’ ...Read More