While business loan demand gained strength in some cities, commercial lending remained weak in most districts, according to the June 9 Federal Reserve Board’s Beige Book. The Fed districts are Boston, New York, Philadelphia, Cleveland, Richmond, Va., Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas and San Francisco. Data collected through May 28 showed...
A major U.S. municipality will default on its debt in 2010, according to survey A survey, recently released by financial advisory firm AlixPartners LLP, found that 90% of restructuring experts polled believe a major U.S. municipality will default on its debt in 2010, which is even bigger than the 63% who said a sovereign...
Something very big is happening in the global credit markets. Credit crisis indicators flashing red again. The very same “Credit Crisis” indicators that were flashing red before the stock market meltdown of 2007-2008 — the ones Martin D. Weiss, PhD and Mike Larson, interest rate and mortgage market expert, used to get their readers...
The U.S. Small Business Administration Disaster Assistance program has approved nearly $1.4 million in loans for Kentucky business owners, non-profits and homeowners whose property was damaged or destroyed by severe storms, flooding, mudslides and tornadoes that began on May 1. “Currently, 27 disaster loans have been approved in the amount of $1,393,300 for affected...
Greece has made it obvious: The euro is doomed. This fact had been obvious to all the euro critics from the very beginning. All the arguments against the possibility of a common currency for very disparate countries had been raised, but brushed away by overzealous politicians. They’ll learn their monetary lesson the hard way...
The evidence is coming fast and furious — and it all points in the same direction! Washington’s “bought and paid for” economic recovery is stalling out as the easy money effect wears off, according to a recent post by Mike Larson, an interest rate and mortgage market expert. Here are Mike’s insights: Just consider...
Weiss Ratings is warning that 20 giant U.S. banks are still vulnerable to serious financial difficulties — and even failure. The failure of Washington Mutual in 2008 was the largest in U.S. banking history. It was acquired by JPMorgan Chase. The other major acquirers of failed institutions since 2008 include Fifth Third Bancorp, U.S....
The post entitled Debt-ridden Euro countries are canaries in the coal mine outlined four shocking realities that are rudely waking up investors. These shocks can drive global stock and bond markets into a nosedive. The fourth shock I outlined, namely, investors waking up to the fact that there has been a global deception in...
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