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A graph today from David Rosenberg, Chief Economist for Gluskin Sheff (Toronto), shows one of the severe headwinds the recovery is battling.  C&I (commercial and industrial) lending remains at historically depressed levels. …

Peter Cecchini, chief strategist at BGC Financial, talks to Pimm Fox about the U.S. economy and consumer credit on Bloomberg Television's "Taking Stock." He says that the 122% percent household debt to GDP ratio is well above the…

This morning ECRI's Lakshman Achuthan was talking about the recovery on CNBC. His take is that the recent slowdown in GDP growth is normal for the recessions since before World War II so far. If we dip even more from here, we have trouble.…

By Annaly Capital Management. We’ve made no secret of our love for the Federal Reserve’s Z.1 Flow of Funds report. The only thing more amazing than the impressive volume of data in the release is the lack of coverage it receives by the…

The June Monthly Commentary By Annaly Capital Management. The Economy: The financial crisis is not over The Residential Mortgage Market: The tale of "fails" in the mortgage market The Commercial Mortgage Market:…

By Annaly Salvos. We breathlessly await the release of the next Z.1 from the Federal Reserve on June 10 to check on a number of things, such as the change in the amount of equity in the average American’s home in the first quarter, but we…

This morning David Rosenberg noted: We also received the U.S. consumer credit data for April yesterday afternoon and the $1.0bln rise in total outstanding should be viewed in the context of the sharp revision in March (to now show a…

Meredith Whitney sounds off in today's Wall Street Journal about small businesses. She is worried about the lack of credit they are getting and its effect on the tenuous economic recovery in keeping the unemployment rate high. She writes:…

After the PCE deflator was reported yesterday the Dallas Fed re-jigs it, cutting out strongest and weakest to arrive at a trimmed mean.  By its calculations the PCE deflator rose 0.1% at an annualized basis, which is the result of…

Marshall Auerback here with some further thoughts from the Institute for New Economic Thinking’s recent kick-off conference at Cambridge University. It might appear ironic to commence a conference ostensibly centered on new economic…