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Sometimes an idea takes your mind and shakes it like a terrier shaking a rat, & just won't let go. Lo, I check not often the London Interbank Offer Rate (LIBOR), one of the world's chief interest rate bell wethers. An analyst I watch for his cleverness mentioned today that libor has been rising, which must inevitably squeeze the Fed to raise interest rates -- or the market will do it for them. That might explain Fed mouthpiece Stanley Fisher making so much noise about raising rates; it's the Fed's way of making virtue out of necessity.
I went and looked at the Libor chart. Merciful heavens! Since mid-May the rate has risen 20-1/2%, from 0.4340 to 0.5230. Look for yourself, schrts.co/iy2uGR
Zooming out on that rascal, look at the last year, http://schrts.co/ai0FFe Sort of jumps out at you, don't it, that huge rise beginning mid-November 2015 until January 2016? The Fed is getting squeezed. Sort of has a satisfying gloat to it, don't it?
Gravely, this threatens the bond market bubble which the Fed & other central banks have blown up by suppressing interest rates. That would fling more shrapnel than any stock market crash. Wouldn't hurt silver & gold, either.
