We know it’s never easy and there is no Holy Grail. But...

...we are big believers that after following the chain of price action, sooner or later, it all
comes back in some way to the rate of interest. Interest rates are the core of all things
financial, though the link may be seemingly distorted at times.

From Bloomberg this morning:
        “Credit markets are still creaking even after the biggest decline on record in the
        rate banks say they charge each other to borrow dollars.

        “The London interbank offered rate, or Libor, for three- month loans fell to 2.51
        percent today, from 4.82 percent on Oct. 10.”