credit contraction- hints of ka

[jk]

from greg weldon
http://www.minyanville.com/articles/.../index/a/13382

Let's look at the US bank lending figures released at the end of last week, with a specific eye on last Friday’s data. Indeed, last Friday’s data lurks in the shadows as all-important, given the slide seen over the last two weeks.

Note the details:

• US Bank Credit: $8.567 trln, down (-)$19.9 bln, and marking the second straight week of decline, a rare occurrence.
• Loans and Leases: $6.273 trln, down(-) $7.5 bln
• Commercial and Industrial Loans: $1.258 trln, down(-) $8.3 bln from the previous week, a single-week decline of (-)0.7%, or a (-)34% annualized rate of contraction
• Real Estate Loans: $3.419 trln, down (-)$0.8 bln
• Consumer Loans: $760.5 bln, down (-)$4.2 bln
• Outside of a small one-week upside blip in Revolving Home Equity Loans, it was an across-the-board contraction in US commercial bank credit.

[Sapiens]

Re: credit contraction- hints of ka

Excellent analysis, thanks for the link.

[Mega]

Re: credit contraction- hints of ka

So today, in honor of the Federal Reserve Chairman's Humphrey Hawkins testimony, the Fed's release of the FOMC minutes, the rising cost of everything except those things included in core inflation, the $2 trillion worth of dollars put in circulation between 1776 and 1990, the $2 trillion more dollars that were added between 1991 and 2000, the $2 trillion more dollars added between 2001 and 2003, the $2 trillion more dollars added in 2004 and 2005 and the $2.8 trillion more dollars added from 2006 through the first half of this year, then yes, let us by all means embrace the Weimar Aesthetic!

Mega