random stuff!!

Well, had a bad saturday.. got a ticket for speeding (46 on a 35 road), car was stalled at almost 1:00 am, had to run for a connector to jump start it.. on teh whole, it was a pathetic night..
So, here I am, on a sunday afternoon , in the office, reading stuff..

Some snippets:

Libor, set every morning in London, is what banks pay to borrow money from each other. That in turn determines prices for financial contracts valued at $393 trillion as of Dec. 31, 2007, or $60,000 for every person in the world, and helps set consumer interest rates on everything from home loans to credit cards. Neat analysis of TED spreads

Why is the dollar strong?

Bank X, a foreign bank takes $ deposits and invests proceeds in $ assets, sadly these turn out to be toxic. Bank X dumps the toxic assets, takes the loss. What do they have to do to make the depositor whole ?
BUY $. And, $ will gain against EUR and GBP, not JPY.