#libour

[theglobaleconomiclongwave]

Libour

I suspect into the K cycle bottom. We will see a massive overhaul of the financial sector, as the reality of the last decade will become obvious.  That is much of the growth came from credit, not real economic multipliers.  In fact, as with all credit bubbles, it will be a ongoing brake for the real economy until the debt is removed from the system.

Joseph