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The BOE, with a strong pound and a mortgage market that is almost entirely floating rate, is expected to go higher still, showing the Fed stimulative by contrast.
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If you don't want to take much risk and want a decent income, Libor and floating rates may be the place to go for it.
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All the while, Milton Friedman kept pointing out that these crises would all go away if we went to a system of flexible or floating exchange rates.
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If you want to go off those well-trod paths, however, there are still more options floating around on the Web.
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Already, the New York Times has agreed to publish an article on a giant floating garbage patch in the Pacific, if the journalist can raise the money to go.
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But what does it mean when you go from Bill and Dave in shirtsleeves sitting beside you on a bench in the company cafeteria to a ghostlike Carly floating on a television screen?
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