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Macronomics: The Strange Case of the Highest LIBOR Since 2009


Today we look at a strange development in the world markets. It's an event that is causing rates to rise. And it's not the Fed. It's the LIBOR. The London Inter Bank Offered Rate, or the rate at which banks and institutions lend to each other in the money market, has been rising. And not just in a small way - its at the highest level (1.55%) since 2009 . . .

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