Wednesday 25 July 2012

LIBOR scandal: What is it and why you should care - CSMonitor.com

It should be obvious that governments don't really determine interest rates any more, probably, a low interest rate syndrome is here to stay. Within andcwith the present financial market structure there's no effectve monetary policy, just monetary actions in response to crises defined elsewhere, like rigged slot machines in a gambling casino? Who really wins? ... Obviously the owners of the slots!

http://www.csmonitor.com/World/Global-Issues/2012/0720/LIBOR-scandal-What-is-it-and-why-you-should-care?cmpid=ema:nws:BizTech%2007252012&cmpid=ema:nws:NzQ4MDU4NDEwMgS2

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Sketches from scratches is a provocative blogspot that has grown out of the Wuh Lax experience. It is eclectic, which means that it might consider just about anything from the simple to the extremely difficult. A scratch can be something that is troubling me or a short line on paper. From a scratch comes a verbal sketch or image sketch of the issue or subject. Other sites have other stuff that should really be of interest to the broad reader. I try to develop themes, but variety often comes before depth. ... more!