WEDNESDAY, AUGUST 4, 2010 AT 04:55PM
Below we highlight the movement in the TED Spread over the last 12 months. For those unfamiliar with the indicator, the TED spread measures the difference between the three-month T-bill interest rate and three-month LIBOR. When the spread is high it is indicative of a higher level of perceived risk in the credit markets as banks increase the rate at which they are willing to lend to each other.
Based on the movement in this indicator, investors are once again embracing risk. Since peaking out at 48.6 basis points (bps) back in mid June, the TED spread has now narrowed by over 40% and is now at its lowest levels since May 11th.
Pierre Lassonde on King World Newshttp://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/8/4_Pierre_Lassonde_.htmlPierre Lassonde is one of the living legends of the mining and resource world with over 35 years of experience. His accomplishments are simply too many to list, but one example is Pierre is current Chairman of Franco-Nevada and co-founded Franco-Nevada Mining Corporation with Seymour Schulich in 1982 and over a 20 year period, provided shareholders with a 36% annualized rate of return. He was able to build up and successfully merge Franco Nevada into Newmont Mining in what was essentially a depression in the mining sector. It was the worst of times, but somehow in the midst of those horrific industry conditions Pierre and everyone associated with him thrived and quite frankly made fortunes. Pierre then became President of Newmont Mining Corporation from 2002 to 2006. Another area where Pierre is becoming legendary is in the area of philanthropy and that is a tremendous passion for him at this point in his life.