LIBOR going up -- HEADS UP

Indications are that LIBOR is going up again. i.e. banks won't lend to banks. In this present environment it doesn't reflect a shortage of money but, rather, a lack of confidence by bankers, of other bankers.

This is the banking crisis I have been talking about for some weeks.

The banking crisis IS THE CRISIS. The banking crisis is why governments are in a flat spin, a panic.

Be vigilant. A banking crash would have implications far outside banking.

I'll come back to this when I think I have something useful to add.