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Since the credit crunch began (all the way back in 2007?!), it’s been a she-said, he-said war of words between entrepreneurs and banks. Entrepreneurs say they can’t get funding. Banks say that they are lending, but there’s nobody credit worthy enough to lend to. Today, the Wall Street Journal’s Small Business Section reports that this […]
Forex Playmaker reports that the 3-month Libor rate for US dollar reached an 11-month high today: The closely watched 3-month Libor rate for US dollars reached an 11-month high today, following Moody’s latest Greece ratings cut issued yesterday. Libor for 3-month dollar loans rose to 0.539% today from 0.537% yesterday. The present rate is the […]
To say that consumer credit is contracting in the United States may be a bit of an understatement! Can you spot the trend in consumer credit? Contracting credit is the crux of Robert Prechter’s deflationary thesis – something we’ve been discussing at length in this space. How about another haiku to summarize? Credit’s going poof […]
So is the money supply increasing, or not? Ambrose Evans-Pritchard of the Telegraph writes that US credit is shrinking big time – at it’s fastest rate since…drumroll…the 1930’s. Professor Tim Congdon from International Monetary Research said US bank loans have fallen at an annual pace of almost 14% in the three months to August (from […]
Top posts from the past week: Marc Faber: The 2009 Global Economy Will Be A “Total Disaster” US Bailout Price Tag Heading for $10+ Trillion(!) Yearly Oil Demand Drops for 1st Time in 25 Years Consumer Credit Crisis: The Next Shoe to Drop A review of my futures trades from the previous week: Covered my […]
The Credit Crunch, Close Up and PersonalBy Olivier Garret – CEOCasey Research, The Casey Report Within the last year, the true extent of the real estate debacle and ensuing credit crisis in the United States has become blatantly obvious. But now there is a new phenomenon rearing its ugly head: a credit crisis of the […]
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