Hello MajorD

According to Bankrate, the one month LIBOR rate is currently 3.93 against 2.49 one month ago. So it's certainly being goosed. Jim Sinclair thinks LIBOR is too high and better come down quickly or else.

I guess that in today's environment that rate will make loans much too expensive, especially since points are added to that rate to get to a final interest rate. Maybe businesses will simply choke and grind to a halt. However, if Bankrate is correct, LIBOR was at 5.13 a year ago, so I don't know what to make of that.

http://www.bankrate.com/brm/ratewatc...