Tag: commercial banksSort
IFF, DTSL, IAAC, IBOC - Evening Company Update Courtesy of PennyToBuck.com - International Flavors & Fragrances, Delivery Techno
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Crown Equity Holdings Inc (OTCBB:CRWE) recently announced that it has launched its crwenewswire.fr website to provide news in France’s native language. Crown Equity Holdings Inc. had previously launched its German website crwenewswire.de and is launching its Canadian website crwenewswire.ca very soon.
Outstanding Loans in US Commercial Banks Jump by $420 Billion in One Week
I thought I was seeing things yesterday.
The Federal Reserve released its weekly numbers on U.S. bank lending. And it looked like there had been some kind of mistake.
Outstanding loans and leases at U.S. commercial banks jumped by a staggering $420 billion in the week ended March 31. An unprecedented leap.
Key Indicators Signal a Positive Shift in the Economic Landscape
Something has changed these last few weeks.
Yesterday I was struck by how many indicators have suddenly broken trend over the last few months. It appears that the economic landscape has shifted.
Last week, I mentioned that outstanding loans at U.S. commercial banks have flattened for the first time in over a year.
Critical Indicator Signals America’s Economic Fortunes May be Changing
Something unusual happened the last few weeks.
Bank lending in the U.S. didn't fall significantly.
Since the onset of the financial crisis, outstanding loans at U.S. commercial banks have been in a freefall. Over $600 billion in loans have been repaid or defaulted on. Representing an 8% contraction in credit.
US Bank Loans & Credit Chart
A Bull Market Requires a Healthy Consumer Underneath
A year ago this week the stock market hit its nefarious 666 level on the S&P 500. Since that historic day, we have enjoyed a 68% appreciation in equities from their depressionary low. Not only has the bounce caused a chorus of perma-bulls to claim the worst of the recession is behind us, but also to declare that the bull market is here to stay.
The shape of this economic recovery will not be in a “V”, as many pundits have promulgated, but instead may be the inversion of that letter…which will unfortunately look much more like a tepee. The upcoming downfall will surprise most investors who have been tricked into believing that a government can print and spend their way into prosperity.
With mounting losses (first quarter loss of $2.8 billion), management turmoil and a falling stock price (70% down this year and no sign of reversing), it seems likely that Lehman, the fourth-largest U.S. securities firm, will follow the footsteps of Bear Stearns and be sold at rock-bottom prices.