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RE: Without Direct Bond Market Intervention, (More Rigging), Stocks Are In Trouble. By Gregory Mannarino
Hey Greg, thanks for the update.
We should also pay attention to what is happening with Libor rates. I just looked at the 1 month rate and it is pushing 2.4%. This year has seen steady month on month increases in Libor rates.
The scale of corporate/bank debt is so huge that this steady increase in Libor rates is going to become a problem.
How will the Fed deal with this?