From the Federal Reserve: The January 2014 Senior Loan Officer Opinion Survey on Bank Lending PracticesThe January 2014 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months. Domestic banks, on balance, reported having eased their lending standards on many types of business and consumer loans and having experienced increases in loan demand, on average, over the past three months.
Private debt to increase as public debt decreases, but household incomes don't other than at the top. Haven't we seen this before?
2 comments:
This is what we need to keep the rally and economy going. Although I think we'd all rather see more verticle money.
McBride is relentlessly bullish these days, but I think he's 180 degrees off. Unwanted inventory is up and bricks and mortar retail is slumping. So I'm doubtful that demand for CRE loans is really increasing.
Headlines today at MarketWatch:
"Jobless-claims data offer hand as stocks find footing" (the biggest headline on the home page)
Jobless Claims Show Labor Market Improving
Planned layoffs soar in January: Challenger Quote:
"The post-holiday job-letting in the [retail] sector was inevitable," said Chief Executive John Challenger
Look out below...
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