Rolling over in credit stats, particularly business debt, is never a good thing for an economy. As noted yesterday, in Europe it’s not definite yet but sure is pronounced. The pattern is pretty clear even if we don’t ultimately know how it will play out from here. The process of reversing is at least already happening and so we are left to hope that there is some powerful enough positive force (a real force rather than imaginary, therefore disqualifying the ECB)...
Read More »Banking crisis? What banking crisis?
In spite of the various pressures facing banks, the ECB's latest Bank Lending Survey points to continued improvement in loan conditions. The hope must be that ECB policies will continue to facilitate bank lending in the months ahead Read the full report here The ECB’s April Bank Lending Survey (BLS), conducted among 141 banks between 11 and 30 March 2016 and released today, revealed a net easing of credit conditions for companies for the eighth consecutive quarter. The demand for loans...
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