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The Economy About To Go Into Crash Overdrive

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The green shoots over recovery will be over by the end of july.

MONEY MARKETS-Libor rates up on higher rate view

LONDON, June 5 (Reuters) - The interbank cost of borrowing

three-month dollar funds was fixed higher on Friday, snapping

recent falls to record lows, and the equivalent cost of euro

funds continued to rise. But market observers said the higher fixings from theBritish Bankers' Association did not necessarily reflect a risein market stress but were starting to factor in higher interestrate expectations in the United States and euro zone. "We saw Libor rates higher today and no doubt they willfactor more of this in next week," said Charles Berry, a traderat Landesbank Baden-Wuerttemberg in Stuttgart. "Commodity prices are gaining, so raising inflation andinterest rate expectations too. We saw aluminium prices rise bytheir largest amount this week in 21 years. So unless it's acommodity price spike, this is a sign that the worst of theglobal credit crisis and economic recession is passing," headded. The London fixings came in the aftermath of a higher fixingfor the Euribor futures contract in Frankurt. [iD:nRON004655

Edited by crash2006

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But , but , but, Hamish told me that QE was working and that everything would be alright soon.

Nah he lied!

Mind you Sibley said there was a shopper in Blue Water or where ever it was!

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