The 6-month Libor (London Inter-bank Rate) is soaring (see above chart - click on the chart to enlarge it).
This short-term interest rate is rising sharply because there are some major market distortions. This is not what you see when the financial markets have no problems.
Investment implications are discussed in depth in each issue of The Peter Dag Portfolio.
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George Dagnino, PhD
Editor, The Peter Dag Portfolio
Author, Profiting in Bull and Bear Markets
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