Credit Archive

Credit Check

Presumably the Fed would raise rates to cool down a forecast for an inflationary credit expansion, no? Up some, but still very low: Rate of growth slowed a bit more: Nothing exciting going on here: ...Read More

Phily Fed State Index, Bank Lending

Looks like once 10 states go bad the rest follow? Bank loan growth is not accelerating: ...Read More

Rail Traffic and Credit Check

Rail Week Ending 11 July 2015: Back to Contraction Econintersect: Week 27 of 2015 shows same week total rail traffic (from same week one year ago) contracted after expanding last week according to the Association of American Railroads (AAR) traffic data. Intermodal traffic expanded year-over-year, which accounts for approximately half of movements ...Read More

Credit check

No acceleration Car loans fell off? ...Read More

Mtg purchase apps, Consumer credit

The purchase index had a nice increase, more than reversing last week’s decline, as cash purchases have declined and been ‘replaced’ with mortgage financing. There has been a pick up in total sales as well, though applications remain severely depressed and haven’t even recovered to 2013 levels. The July 4 holiday may ...Read More

Credit check, rail traffic

Outright contraction here: No sign in a pick up in growth from Q1 to Q2: Looks like the very small pickup in the rate of growth has at least moderated: Rail Week Ending 27 June 2015: Just Another Bad Month for Rail (Econintersect) — Week 25 of 2015 shows same week and ...Read More

credit check response to comment

Yes, and the rate of growth is lower than the last cycle, and steady to lower, not ‘accelerating’, and in any case note that it jumped up going into the last recession. And commercial paper isn’t growing as was the case in the last cycle, so that element of total credit remains ...Read More

Greek bank liquidity, credit check

So people transferred their deposits to other banks, and those other banks wouldn’t redeposit/lend those euro back to the Greek banks via the interbank market, at any rate of interest. So instead the lost deposits were replaced by what functionally are deposits from the ECB via what’s called the ELA. What’s wrong ...Read More

Consumer credit

Revolving credit rising when consumer spending is not is a sign of stress: Consumer Credit Highlights Consumer borrowing is showing very solid life, up $20.5 billion in April following an upward revised gain of $21.3 billion in March. The key for this report is a second big gain in revolving credit which ...Read More

Credit check

Softening if anything. Still no sign of any Q2 bounce: ...Read More