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Fed's Quarles: LIBOR's reign will come to an end soon, and will not return
FED'S QUARLES: LIBOR'S REIGN WILL COME TO AN END SOON, AND WILL NOT RETURN.
— Breaking Market News (@financialjuice) October 5, 2021
Added at 1:17pm
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Goodbye to All That: The End of LIBOR
Now that business travel has started to pick back up as we emerge from the COVID event, a prosaic but insistent problem has reappeared: what to read on a long plane flight. Like most of you, I try to get some work done—but, also like most of you, out of an amalgam of security concerns and indolence, I often don't succeed. Something must improve the hours, but Kant is a little heavy, P.G. Wodehouse a little light, and T.S. Eliot looks like you're just showing off. So, over the last few weeks, I've been re-reading Joan Didion while making my way from point A to point B: Slouching Toward Bethlehem, The White Album, ... (full story)