Currently, the markets seem to be holding up as well as could be expected. At the time of writing:
-- FTSE is at +0.44 percent
-- Dow Jones has opened around 2 percent up.
-- Nasdaq is at +2.48
-- Dax is at -1.17
Perhaps the most significant financial indicator of the day is that Libor - the rate at which banks lend to each other - has risen to an all-time high. In other words, it's more expensive than ever for banks to borrow from each other - increasing the chances that more of them will need bailing out.
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Liz Gibson
September 30th, 2008 4:23pmI am fed up with the whole bloody lot. I enjoyed you on QT Fraser but even you failed to renew my interest and to have any sympathy with the fat cats in Wall Street not to mention our own fat cats who became obese on the back of failure. Refer to Northern Rock. Pathetic.
PS: What is you accent. I am Scottish but for the life of me cannot tell if you are Scottish or English. Nothing wrong with a Scots accent Fraser.
Nick
September 30th, 2008 5:53pm"FTSE is at +0.44 percent"
Can't Coffee House afford "%" signs ?