The Fed Has Cut Interest Rates
First it spiked to between 2.5% and 3% for two non-consecutive days, only to settle at first about 1.5%, then about 1%. See it for yourself here (scroll down to the bottom of the page), the effective Fed funds rate has been cut to 1%. This unannounced yet still effective 100 basis point interest rate cut by the Fed is most likely related to the extraordinary monetary statistics I recently told you about. The Fed is determined to drown the banking system with money with any means possible short of helicopters (although that may come later).
On the other hand, most market interest rates (including LIBOR) have risen (some dramatically) during that same period. These divergent interest rate trends illustrate my previous point about the "battle" between the inflationary injections by the Fed and the deflationary effects of the increased risk aversion and financial distress.