Posts filed under “Credit”

Muni Mania: A Timeline


Source: Bloomberg Briefs

Category: Credit, Fixed Income/Interest Rates, Markets, Really, really bad calls

Gauging the Impact of the Small Business Lending Fund

Gauging the Impact of the Small Business Lending Fund Kristle Cortés and Sara Millington Economic Trends, 11.25.14     ~~~~ The Small Business Lending Fund (SBLF) was created in 2010 to encourage small business lending by providing capital to qualified community banks. The Treasury provides banks with capital by purchasing Tier 1-qualifying preferred stock or…Read More

Category: Credit, Think Tank

U.S. Debt Held by Foreigners Hits Record $6.07 Trillion

Posted without comment: Source: Real Time Economics

Category: Credit, Data Analysis, Economy, Fixed Income/Interest Rates, Taxes and Policy

The Impact of Liquidity Regulation on Banks

Category: Credit, Regulation, Think Tank

Bankers Learned All the Wrong Lessons From the Financial Crisis

Under normal circumstances, approving my mortgage application should be a no-brainer: High income, no debt, high credit score. The missus also makes a good income, has an almost-perfect credit score and has been working for the same business for 28 years. But these are not normal circumstances. Let me jump to the end: Yes, we…Read More

Category: Credit, Real Estate, Really, really bad calls

A Tale of Two Economies — It Was the Better of Times, It Was the Worst of Times Paul L. Kasriel October 18, 2014     A Tale of Two Economies – It Was the Better of Times, It Was the Worst of Times As quantitative easing comes to an end (apparently) by the Fed…Read More

Category: Credit, Economy, Think Tank

How Do Liquidity Conditions Affect U.S. Bank Lending?

How Do Liquidity Conditions Affect U.S. Bank Lending? Ricardo Correa, Linda Goldberg, and Tara Rice Liberty Street Economics, October 15, 2014     The recent financial crisis underscored the importance of understanding how liquidity conditions for banks (or other financial institutions) influence the banks’ lending to domestic and foreign customers. Our recent research examines the…Read More

Category: Credit, Think Tank

I Dare You to Try to Refinance. Go Ahead, Just Try.

The bond market seems to have had its own flash crash this week. The yield on the 10-year U.S. Treasury bond dipped briefly below 2 percent, as panicked equity sellers looked for a safe place to park their cash. Treasuries, of course, are the world’s option of choice, the safest and most liquid port during…Read More

Category: Credit, Real Estate, Really, really bad calls

How Credit Came to Rule – and Ruin – Our Economy

On this day 56 years ago, the U.S. economy began to undergo a momentous change. It was Oct. 1, 1958, and the company known best for its Travelers Cheques introduced a new product: The charge card. Although American Express technically wasn’t the first company to introduce a charge card, it was the first to make…Read More

Category: Bailouts, Consumer Spending, Credit, Cycles

Moral Hazard and the LTCM Bailout

Today is an auspicious anniversary, though it’s one I suspect many people may not recall. On Sept. 23, 1998, former Federal Reserve Chairman Alan Greenspan and William McDonough, then president of the Federal Reserve Bank of New York, managed to orchestrate the rescue of the hedge fund Long Term Capital Management. It was a strange…Read More

Category: Credit, Hedge Funds, Really, really bad calls