Bank Borrowing Costs Rise
http://globaleconomicanalysis.blogspot.com/2007/11/bank-borrowing-costs-rise.html
Bank borrowing costs in the corporate bond market have exceeded non-financial costs for the first time in a decade. These "unthinkable" conditions are apt to persist as the price we have to pay for the most reckless global financial experiment in world history. Confidence in the Fed's ability to inflate will be shattered in due time.
MishMike Shedlock / Mish
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