LIBOR-linked debt of businesses and households

So $7.4 trillion tied to libor. A 50 bps increase in recent past = $37 bln extra due over the prior What's the big deal?

 

I agree with Maverick, also a lot of these things are libor linked such as "libor + 5% or whatever but that doesn't mean they're floating.

 

Nevermind OP is just on some topic starting crusade.