LIBOR still rising

The 3-month London Interbank Offered Rate, a benchmark for global interest rates, is still rising and almost every single day.

While still a far cry from its 2008 financial crisis highs literally 10 times higher, this is still not a good sign. My take is banks are increasingly more nervous to lend to each other (duh!). What is probably more significant is the increasing pace of the gain.

This rate rose all through October as stocks rebounded. The pace increased into a parabolic shape in November. That is hard to see in the weekly chart but it is there.