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Yeah this just screams clickbait. "Let's create a title that makes no sense, followed by an entire article with a strained metaphor".
by svnpenn 5y ago
Yeah this just screams clickbait. "Let's create a title that makes no sense, followed by an entire article with a strained metaphor".
- mhh__ 5y agoHow is it clickbait? LIBOR is omnipresent in finance and it is being killed. Sterling LIBOR is already dead for example.
- svnpenn 5y agoWell: 1. Its LIBOR, not Libor 2. LIBOR is not a number, its a rate. Thats literally what the "R" stands for 3. LIBOR cant die, as its not a person Its just an awful title because it calls LIBOR a number, which its not, then goes on to treat it as a human, which its also not.
- recursive 5y agoI don't know anything about LIBOR, but I know a few things about rates. Every rate I've ever heard of is a number. How can a rate not be a number?
- danielmarkbruce 5y agoIt's a tongue in cheek article in the NY Times. NY has a lot of finance folks. To a lot of finance folks, libor has been a meaningful number for a long time and a million contracts are based on it. As for "treating it as a human", the financial industry has long used the term "mr market". Ie it's sort of an inside joke. To the target audience it is not an awful title, nor an awful article. As for the semantics of numbers v rates - the rate is specified in numbers. And LIBOR v Libor - the number was used so extensively for so long many people didn't even know what the acronym meant. It's like correcting someone for calling a tissue a kleenex.
- carnitine 5y agoLIBOR is not a rate, it’s a series of rates across different currencies. Rates are numbers though so I’m not sure what distinction you are trying to draw.