Metzenbaum Scissors

LIBOR Shows Worst Is Yet to Come for Credit Markets

Great primer for those not familiar with OIS and LIBOR. Recall when no one knew what CDO meant? Watch for LIBOR and OIS on the Christmas cocktail parties. In Peoria.

As for your first choice of investment, Treasuries. Sure, they appear safe, with a negative return. Personally, I have loaded up on Canadian Gov't bonds. I don't feel much comfort in the long term trend of the US$.