Last week’s stock market blowout added more than 4 per cent to the Dow Jones Industrials, but it had no affect on Libor rates. Libor rose steadily from Tuesday through Friday signaling more troubles in the banking system. Libor, which means London Interbank-Offered Rate, is the rate that banks charge each other for loans. It … Continue reading Memo to Bernanke: Enough with the Rate Cuts, Already!