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Will The Fed Get Their Soft Landing? | Weekly Round Up

Supply Shock

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The Death of the Eurodollar Contract

LIBOR is the London Interbank Offering Rate and it's basically what London banks would charge each other to borrow on an overnight basis. The Libor market was not that large, but the LIBOR contracts betting on what LIBOR would be in the future was immense. So yeah, the London market, I mean, it's kind of a sham market. It literally is just kind of calling bankers up and asking what's the rate.

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