tag:blogger.com,1999:blog-6112651969466158066.post5516928382928594641..comments2023-11-02T04:40:21.698-07:00Comments on Dr. Eric Edmond's Blog: Libor Rates revisitedEric Edmondhttp://www.blogger.com/profile/11661176160109187800noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6112651969466158066.post-2758162957226645112017-04-13T00:54:16.286-07:002017-04-13T00:54:16.286-07:00Yes Xerox invented the whole mouse and Windows set...Yes Xerox invented the whole mouse and Windows set up but Gates and Jobs made the money. Woz was a good programmer.Eric Edmondhttps://www.blogger.com/profile/11661176160109187800noreply@blogger.comtag:blogger.com,1999:blog-6112651969466158066.post-84849440747550438872017-04-13T00:47:46.326-07:002017-04-13T00:47:46.326-07:00Thanks for the potted history Doc. I was using an...Thanks for the potted history Doc. I was using an ICL 1900 in the early 70s and doing the old systems analysis work. Having migrated to DEC PD1134 and VAX it wasn't until 1981 that I met the Commodore Business Machine (CBM) the commercial version of PET and put them into our accountancy practice using CRACKER, a version of VisiCalc. I avoided Apple altogether and never ventured into Lotus 123, going straight to Excel.<br /><br />Sorry if I took you back too far, but interesting that Apple got taken up by the City just to do their spreadsheet work. BTW Steve Jobs was originally at Xerox Park in the 70s, as you probably know. I was with Xerox then and using their Delta computer over the line with a GUI and mouse. Xerox always said they were a document company, not a computer coy, and let Steve go to develop Apple. Well that's the story at least we were told. When EtherNet arrived in 1978/9 we were told that Xerox would lead the way to a paperless office in less than 5 years! So much for predictions - it has ever been the case.<br /><br />Great to chat, hope we might meet again with Niall sometime. Best regards PeterAustrianpeterhttp://leave-the-eu.org.uk/PU.phpnoreply@blogger.comtag:blogger.com,1999:blog-6112651969466158066.post-10892148647715443092017-04-12T09:52:26.498-07:002017-04-12T09:52:26.498-07:00I am old but not that old. If ypu look on the BBA ...I am old but not that old. If ypu look on the BBA website you may find when Libor was set up. Spreadsheets made it possible to game the effect of changes in Libor on your position.<br /><br />The original spreadsheet was Visicalc written by a Harvard Yank, Dan Bricklin circa 1980. It had all you neeeded to do the Libor business but ran only the Apple II. It cost £150 and the City slickers were buyin Apple IIs at £1500 a throw by the shed load just to use Visicalc. It made a fortune for Apple then run by the Steve Wozniak who did the design and operating system and Steve Jobs who was the marketing guy. It was the first killer application the computer world had ever seen. <br /><br />IBM then introduced Lotus 123 on their PC which added a few tweaks and made loads of money for IBM but their top management wer wedded to mainframes and never saw the potential of PCs. Jobs did! <br /><br />Funnily enough I still prefer Visicalc. ts simpler and easier to use in my opnion but my APPLE II got scrapped 25 years ago. Sic transit gloria mundi.Eric Edmondhttps://www.blogger.com/profile/11661176160109187800noreply@blogger.comtag:blogger.com,1999:blog-6112651969466158066.post-8345248037203048882017-04-12T06:14:48.794-07:002017-04-12T06:14:48.794-07:00Nice summary Doc. I too follow Libor 1 & 3 mon...Nice summary Doc. I too follow Libor 1 & 3 month rates as they are an early indication of stress in the system. I wonder what banks did before Excel came in - ? - pencil and paper I guess or was Borroughs (or NCR 32) accounting machines and punched cards? I guess you would knowAustrianpeterhttp://leave-the-eu.org.uk/PU.phpnoreply@blogger.com