30 Quotes About Interest-rates

LIBOR; the GMT of the financial world.

LIBOR; the geometry of financial geographies.

Rules of rulers’ game; in favor of..?

If every bank is a planet; LIBOR is the sun in the solar system of banking solidarity.

LIBOR; the blood stream of a financial body.

LIBOR; fragile inside; handle with care.

Had Volcker never pushed through his radical change in policy, the world would be many bond traders and one memoir the poorer.

Before Volcker’s speech, bonds had been conservative investments, into which investors put their savings when they didn’t fancy a gamble in the stock market. After Volcker’s speech, bonds became objects of speculation, a means of creating wealth rather than merely storing it.

... low interest rates and cheap credit also cause people to act foolishly or greedily ...