Gary Dorsch: What happened to the markets?
There’s been an avalanche of articles from market pundits across the world, trying to explan what happened in global stock markets this week. I’ll point to one of these, by Gary Dorsch - “What’s behind the global stock market shake out?”, via Financial Sense Online.
Here is Gary’s chart for the Indian markets:
FYI, London Interbank Offered Rate (LIBOR) is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the London wholesale money market (or interbank market).
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