Category Archives: LIBOR”s steep rise

LIBOR’s steep rise. This isn’t good.

LIBOR’s steep rise. This isn’t good. The last time we saw a rise in the LIBOR it went from 10 to 40 and then sat there for nine months. And then in exploded to 150 in one trading day and almost instantaneously banks stopped lending to each other, the global economy ground to a halt and we plunged into the GFC.

I mention this only because LIBOR gained 10 points last night, and there’s no garauntee it’ll wait 9 months before moving again, like it did last time. Continue reading

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