Posted on 03/31/2010 4:43:13 PM PDT by bananaman22
Something has changed these last few weeks.
Yesterday I was struck by how many indicators have suddenly broken trend over the last few months. It appears that the economic landscape has shifted.
Last week, I mentioned that outstanding loans at U.S. commercial banks have flattened for the first time in over a year.
The value of banks' loan portfolios had been steadily falling since the financial crisis (with some interruptions caused only by statistical anomalies). Indicating a draining of credit from the economy. Not good for a nation trying to stimulate growth.
But this week outstanding loan value held steady, for the fourth week in a row. This is the longest we've gone without a pronounced drop in credit since the crisis broke late in 2008. A big positive for the U.S. economy. Although credit is not growing, at least it's stopped shrinking. US Bank Loans & Credit – (Bank Credit In Use Towards Loans) - Chart Full article at: Economic Landscape
Despite the Commie in the WH, I’ve become a total bull on the market and the economy lately.
Most of Obama’s damage will be done in the outyears and can be undone when he is voted out.
I think the market is rallying, knowing that in 7 months, the GOP will restrain Obama. Job numbers are a lagging indicator, but sentiment and business spending is up, almost all of the indicators are stabilizing except real estate...and even there we have some positives such as stabilization of prices on homes.
The Bull market is on imho.
I agree. But not until mid 2011 will anything pick up significantly. Then Obamacare mandates hit in 2014.
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