Posted on 12/06/2023 6:32:43 AM PST by Kaiser8408a
The Federal Home Loan Bank System (comprised of Federal Home Loan Banks or FLUBs) are a major source of American home loans and liquidity … at least until now.
The problem is that bank credit growth has been contracting for several weeks now. 18th straight week of negative credit growth.
As FLUB advances decline with Fed balance sheet shrinkage.
Everything is beautful? Not really. 5 Fed rate hikes priced in for 2024.
Yes, its beginning to look a lot like rate cuts.
So we are seeing Son of FLUBBER. Except this Flubber is crashing and burning.
(Excerpt) Read more at confoundedinterest.net ...
Remember 2009 when you couldn’t get a bank to loan you a dime.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.