SHIBOR Jumps Again, Chinese Stocks Sink

The Western markets are shrugging off the Asian selling for now, but if this trend continues, there is a sell-off coming in the near future.

Today, two week SHIBOR jumped 1% again (a 2% gain in two days, or better than 50% from the sub 4% rate two days prior), and 1 month SHIBOR also jumped 1%, to 6.4%. See yesterday's post for some background.

Two Week SHIBOR Up 1% Since Yesterday

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