Posted on 10/24/2023 7:01:04 AM PDT by Kaiser8408a
Back in red? As US fiscal policy deteriorates further thanks to endless Federal spending (not to mention seemingly endless wars under Biden and Nobel Peace Prize winner Obama), we are seeing pain in the bank lending business.
Commercial and industrial (C&I) loan lending standards is tightening (blue line) to levels typically seen in recessions. Even though Barclays HY-10Y spreads remains low.
Bank credit growth remains negative for the twelve straight week.
Under Biden/Yellen’s economic model, the appropriate themesong is “Hell’s Bells.”
(Excerpt) Read more at confoundedinterest.net ...
And the excess credit will get pulled back one way or another.
Maybe we are in a Recession but the BLS has screwed with the figures.
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