Tag Archive: Loans

China’s Loan Results Back The PBOC Going The Opposite Way From The Fed

2022-03-16

This week will almost certainly end up as a clash of competing interest rate policy views. Everyone knows about the Federal Reserve’s upcoming, the beginning of what is intended to be a determined inflation-fighting campaign for a US economy that American policymakers worry has been overheated.

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The Real Tantrum Should Be Over The Disturbing Lack of Celebration (higher yields)

2021-11-03

by Jeffrey P. Snider

2021-11-03

Bring on the tantrum. Forget this prevaricating, we should want and expect interest rates to get on with normalizing. It’s been a long time, verging to the insanity of a decade and a half already that keeps trending more downward through time. What’s the holdup?

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Tapering Or Calibrating, The Lady’s Not Inflating

2021-10-07

by Jeffrey P. Snider

2021-10-07

We’ve got one central bank over here in America which appears as if its members can’t wait to “taper”, bringing up both the topic and using that particular word as much as possible. Jay Powell’s Federal Reserve obviously intends to buoy confidence by projecting as much when it does cut back on the pace of its (irrelevant) QE6.

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US Banks Haven’t Behaved Like This Since 2009

2018-12-14

by Jeffrey P. Snider

2018-12-14

Total Credit Market Assets 1953 Q1 - 2018 Q1

If there is one thing Ben Bernanke got right, it was this. In 2009 during the worst of the worst monetary crisis in four generations, the Federal Reserve’s Chairman was asked in front of Congress if we all should be worried about zombies. Senator Bob Corker wasn’t talking about the literal undead, rather a scenario much like Japan where the financial system entered a period of sustained agony – leading to the same in the real economy, one lost...

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When Do We Know These Are Delusional Markets

2017-07-27

by Tyler Durden

2017-07-27

Signs of complacency and disconnect from fundamentals abound. So to sanity check, it may still be helpful to periodically remind ourselves of a few recent ones. In no particular order. The Swiss National Bank bought $ 100bn between US and European stocks. It now owns 26 million Microsoft shares (read).

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London Property Bubble Bursting? UK In Unchartered Territory On Brexit and Election Mess

2017-06-30

by GoldCore

2017-06-30

Is the London property market heading for tough times? The most recent housing figures and a new Bank of England report suggest it may well be. Recent figures show that 77% of London houses sold in May went at below asking price, up from 72% in April.

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Europe’s Non-linear

2017-06-16

by Jeffrey P. Snider

2017-06-16

Europe is as we all are. Ben Bernanke wrote a few years ago that his tenure at the Fed must have been a success in his view because the US economy didn’t perform as badly as Europe’s. As usual, this technically true comparison is for any meaningful purpose irrelevant.

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Ultra-Loose Terminology, Not Policy

2017-04-08

by Jeffrey P. Snider

2017-04-08

As world “leaders” gathered in Davos in January 2016, they did so among financial turmoil that was creating more economic havoc than at any time since the Great “Recession.” Having seen especially US QE as the equivalent of money printing, their focus was drawn elsewhere to at least attempt an explanation for the contradiction.

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