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Daily Archives: April 3, 2018
Soaring LIBOR hitting hard in 2018
As we noted last week in Relative tightening cycle already more intense than the 2003-06 cycle, overnight lending rates between banks have been surging, with the 3 month US LIBOR now at 2.3%, up a whopping 940% from the .22% … Continue reading
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After the debt rush: GM opts to stop monthly sales reporting
If monthly sales reports won’t help goose up share prices, then we aren’t going to release them anymore. That was the executive decision announced from GM today. Government bailouts in December 2008, followed by a string of tax-subsidized incentive programs … Continue reading
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‘Buyers market’ spreading in real estate
It’s not just in Canada’s most expensive markets that home sales are tumbling in 2018. A report today shows that from luxury condos to the least expensive co-ops in Manhattan, sales fell 25% year over year in Q1 2018 for … Continue reading
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