Credit Archive

Bank capital and lending comment

So the idea is that with higher capital ratios banks are less prone to ‘get in trouble’. So let’s say minimum capital requirements go from 8% to 10%. Most banks try to stay about 1% over the limit to be safely compliant. That means that when requirements were 8%, most banks had ...Read More

Credit Check

Not looking good: Growth rates of bank lending making lower lows since oil prices collapsed: Real estate loan growth flattening out but still nudging a bit higher, but remain depressed even with low rates: ...Read More

Existing Home Sales, Household Equity, Credit Check

Reversing as suspected after rush to buy before possible Fed hikes: Existing Home Sales Highlights Though slowing in August, existing home sales are still healthy and trending higher. Existing home sales came in at a lower-than-expected 5.31 million annual rate in August which is the lowest since April. July was revised down ...Read More

Household Debt, NYC Restaurant Index

The growth rate had been increasing some but now may have leveled off at historically low levels, even with a near 0 rate policy from the Fed: Why Has Household Debt Declined? O rates and massive QE hasn’t led to increased credit expansion in Japan either: ...Read More

Credit check

Time short here in Spain so just a quick check which shows mild deceleration continues: ...Read More

Consumer Credit

Nothing here to alarm the Fed: ...Read More

Credit check, Jobs comment, ECRI update, Saudi statement

Commercial paper nudges down a bit, bank loans up a bit, so not much happening on balance: BLS Jobs Situation Disappointing in August 2015. Growth Rate of Employment Continues to Slow. By Steven Hansen The BLS jobs report headlines from the establishment survey was disappointing. The unadjusted data shows growth is at ...Read More

China, Saudi Output, Credit Check

This monetarist stuff doesn’t work: China removes regulation on loan-to-deposit ratio Aug 28 (Xinhua) — China’s top legislature on Saturday adopted an amendment to the Law on Commercial Banks, removing a 75-percent loan-to-deposit ratio stipulation. China has kept the 75-percent ratio since the law was enacted and put into effect in 1995. ...Read More

credit check, rail traffic, ecri index, china pmi

Still no sign of acceleration, as some deceleration continues: Rail Week Ending 15 August 2015: Continued Deterioration Of Year-over-Year Rolling Averages (Econintersect) — Week 32 of 2015 shows same week total rail traffic (from same week one year ago) contracted according to the Association of American Railroads (AAR) traffic data. Intermodal traffic ...Read More

Credit check, gov employees

Another boring week here with no sign of acceleration or even ‘some’ improvement: Thought I’d throw this in for those of you worrying about out of control growth of govt payrolls: ...Read More