Credit Archive

Govt employment, credit check

You’d think the Tea Party would give President Obama high marks for this! Nothing going on here: ...Read More

credit check

No sign of any kind of increase in bank credit expansion to offset lost oil and gas bond issuance, etc: ...Read More

credit check

No sign of any kind of increase in bank credit expansion to offset lost oil and gas bond issuance, etc: ...Read More

RT interview

My interview starts at 3:30 ...Read More

credit check, Atlanta Fed

About this time last year I was looking to find signs of the credit expansion needed to ‘replace’ the cuts in Federal deficit spending and couldn’t find anything. Turns out it was the expanded investment chasing high priced oil that supported GDP growth of a bit over 2%. With that now behind ...Read More

Euro update and anecdotal econ news

This gives you a pretty good idea of the magnitude of euro selling by central banks. The question is when are they finished, and perhaps, when foreign exporters again pressure their cb’s to increase holdings to target the euro zone for exports, which is the reason the cb’s originally bought the euro. ...Read More

Balanced budget amendment getting closer, consumer credit, Redbook retail sales, JOLTS

the BIG stupid… Conservative lawmakers weigh bid to call for constitutional convention Consumer Credit Highlights Consumer credit rose a solid looking $15.5 billion in February but a closer look shows an unwanted $3.7 billion decline in revolving credit. This is the 4th decline in 5 months for the revolving component which reflects ...Read More

Payrolls, credit check

As suspected, last month’s print was revised lower and now with this month’s even lower print the spike reported in November has completely reversed and the payroll number is back in sync with ADP and the rapid declines in most other series. Employment Situation Highlights The labor market has softened in several ...Read More

credit check

Growth rate leveled off: ...Read More

credit check

Commercial paper/shadow banking still down and nearly $100 billion off the recent highs: Lets see if bank lending is picking up the slack: C and I growth decelerating some and nothing special: Nice jump in real estate loans. Maybe some of the proceeds went to pay down commercial paper borrowings? ...Read More