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Well: 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
by svnpenn 5y ago
Well:
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.