Libor-OIS: 293 bp (previous 331)
TED Spread: 327 bp (previous 399)
Rates used:
Libor: 406 (previous 442)
OIS: 113 (previous 111)
T-bills: 79 (previous 43)
The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own.
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