LIBOR: The Most Important Number in Finance is Going Way

A Q&A with Richard Sandor focused on the impact on consumer finance as LIBOR is going way at the end of 2021.Q3 2020 hedge fund letters, conferences and moreThe Most Important Number in Finance (LIBOR) is Going Way: Here’s why consumers should be paying attentionBy Richard L. SandorNext year the interest rate benchmark known as LIBOR (the London Interbank Offering Rate) will be retired. Trillions of dollars on financial instruments are pegged to this number and the ramifications are significant not just to Wall Street but to Main Street. Here’s why: if you have variable rate loans on your cred…

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HEDGE accordingly