Saturday, June 20, 2009

LIBOR - 20-Year Historical Chart

The hitorical perspective shows we are at the lower end of the credit cycle though there is some more space to the downside if we trust the technical channel. This is however doubtful since the last top didn't touch the upper channel either. If history could be any guide I would take the big difference in the different LIBOR maturities as a potential sign of a turning point like it is seen around 1984 peak.

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