正文
(The following commentary is from Justin Oliver at Canaccord Adams.)
The unprecedented spreadbetween US TBill and LIBOR rates is suggesting a heretofore unseenattack on the global financial system. There is clearly something goingon that the large banks are privy to, that we are not as they areclearly not willing to lend to each other without a massive riskpremium. It is inconceivable that equities can continue to traderelatively unaffected by a complete backing up of the credit markets.
The unprecedented spreadbetween US TBill and LIBOR rates is suggesting a heretofore unseenattack on the global financial system. There is clearly something goingon that the large banks are privy to, that we are not as they areclearly not willing to lend to each other without a massive riskpremium. It is inconceivable that equities can continue to traderelatively unaffected by a complete backing up of the credit markets.
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