Anyone counting on a meaningful economic recovery will be greatly disappointed. How do I know? I follow credit, and credit is contracting. Access to credit is being denied at an accelerating pace. Large, well-capitalized companies have no problem finding credit. Small businesses, on the other hand, have never had a harder time getting a loan.
My Comments: Good article by Meridith Whitney. The contraction of credit is deflationary. The Govt. has handed out a ton of money to the banks but its not circulating (yet). Banks are mearly soaking this cash up. Or at least that's my take.
Full article here...
Subscribe to:
Post Comments (Atom)
For some of the best deals in the hobby, check out TraderDown.com and join our community of buyers, sellers, and traders.
No comments:
Post a Comment