World Markets Soar

A sampling as of 5:50AM ET:

  • Hong Kong +10%
  • Taiwan +7%
  • FTSE +4%
  • DAX +6%
  • CAC +6%

After the UK bailout, all eyes will be on the credit spreads: LIBOR-OIS and TED.

And all minds will be wondering why the UK got the bailout right on its first try, while the US spent two weeks fighting about a strange trash asset removal plan.

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