FRA-OIS spread has shot up… interbank liquidity is now freezing up.
by Infamous_Sympathy_91 Banks don’t want to lend to each other because they’re scared too.
by Infamous_Sympathy_91 Banks don’t want to lend to each other because they’re scared too.
via confoundedinterest: Hong Kong, with a stressed housing market with staggeringly high prices, just saw a surge in interest rates. (Bloomberg) — The Hong Kong dollar’s surge reverberated across the city’s money market on Monday, with interbank rates climbing by the most …
by Martin Armstrong Extremely reliable sources from Behind the Curtain in Europe are becoming deeply concerned that Draghi at the ECB has created a monumental economic disaster he is just praying to holding off until he leaves next year. Interest …
by Martin Armstrong QUESTION: Mr. Armstrong; Has interbank lending collapse due to a lack of confidence concerning counter-party risk? Thank you for being a rare source with experience ER ANSWER: Yes that is a correct statement. The failure of Lehman and Bear Sterns …
The banking system is a disaster. It’s all coming down when the central bankers decide to pull the plug. Do you think the Fed and other central banks are responsible for stock market fluctuations? Interbank lending got crushed. But don’t …