credit

From the Consumer Metrics Institute What credit numbers? During the past week there has been a flurry of Federal Reserve reports and commentary concerning the levels of credit in the current economy. The two most notable were: On July…

By Michael Pettis Since this is another long posting, it might make sense to summarize briefly its two parts.  In the first part, expanding on an Op-Ed piece of mine published by the Wall Street Journal on Monday, I argue that…

From Annaly Capital Management There has been a lot of discussion recently about corporate cash levels, both in newspapers and blogs. Back in June, the Fed published the 1Q 2010 Flow of Funds report that shows corporations are sitting on…

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. …

Excerpts from Comstock's latest weekly: Debt is discussed by the pundits on financial TV also, but in almost every case the discussion revolves around government deficits relative to GDP or government debt relative to GDP.  They…

Kenneth Rogoff, a professor at Harvard University and former chief economist at the International Monetary Fund, talks with Bloomberg's Susan Li i Hong Kong about the global economy and China's real estate market and economy. Rogoff also…

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…

On Monday when I wrote Why Stimulus Is No Panacea, I mentioned that I had written two posts in the past entitled "It's the debt, stupid" (read them here and here). Just as the Clintonites of 1992 pointed to the economy as the…

From ADP (pdf): Nonfarm private employment increased 13,000 from May to June 2010 on a seasonally adjusted basis, according to the ADP National Employment Report®. The estimated change in employment from April to May 2010 was revised up…

A post by Annaly Capital Management Some recent economic data (like today’s downwardly-revised “final” reading on 1Q 2010 GDP) have suggested that the economic recovery is waning. Not surprisingly, talk of additional stimulus has started…