Clik here to view.
Credit Conditions In U.S. Banks: Still Tight
The Office of the Comptroller of the Currency (OCC) does an annual survey of its banks to determine credit conditions. Their report was just released and, as expected, there has been some easing of...
View ArticleClik here to view.
Bernanke Implies More Market Pain Before QE3
Ben Bernanke spoke today before Congress; click HERE for his prepared remarks. The markets appear to have seized on the paragraph about potential further easing of monetary conditions. They appear to...
View ArticleClik here to view.
The Small Bank Problem: Why We Are 40,000 Properties Away From Recovery
This article is one of a series of occasional white papers from the Daily Capitalist taking a detailed look at specific issues affecting the economy. In this paper we discuss bank credit, banks and...
View ArticleClik here to view.
The Trend Is Your Friend Till It Ends
What countervailing forces exist to break the trend that is apparent in the charts below? Note that these charts reflect the same trend.
View ArticleClik here to view.
Fed: Consumer and Mortgage Lending Remains Weak
The monthly Fed survey of bankers and lending says that in July lending conditions remained largely unchanged–that is, relatively tight: While banks have been easing up since the financial crisis,...
View ArticleClik here to view.
Consumers Choke, Credit Shrinks
Consumers choked on the idea of taking down more debt in August, and consumer credit “unexpectedly” contracted 4.6%. Revolving credit which is mostly credit card debt contracted 3.4% and non-revolving...
View ArticleClik here to view.
Banks To OWS: Please Move Your Money
The funny thing about the populist Move Our Money movement is that the banks really don’t want deposits right now because they are awash in cash and don’t know what to do with it. In an article from...
View ArticleClik here to view.
Europe Joins America in Going for Growth
I said in a recent post that I thought that austerity fatigue had set in in Old Europe. Here’s confirmation, from Bloomberg.com: European leaders declared a turning point in the Greece-fueled debt...
View ArticleClik here to view.
DocComment: Same Old Same Old
More and more late-cycle financial news is emanating from the U.S. From the Financial Times tonight are found the following headline and sub-headlines: US credit card ABS sales soar Securitisation...
View ArticleClik here to view.
Student Loans Replacing Mortgages As The Credit Cycle Peaks
Courtesy of a link on Jesse’s blog, I’d like to link you to a blog post on Scientific American, of all places, that puts the Great Financial Crisis in a mathematical and human perspective. While I...
View Article