• Tighter credit to small firms
• Middle market syndicated non-sponsored volume dropped in 3Q20t.co/s88qIsJmTF#bank #investor #lending #debt t.co/xiFGLAAxNt pic.twitter.com/lrpGwxyCJ8
— Mo Hossain (@MoHossain) October 23, 2020
Unavoidable.
Banks now lend more to the government than to businesses/households.
Treasury holdings are a record of $828B larger than C&I loans.
The debt overhang is impacting the fluidity of stimulative policies like never before.
Monetary debasement is the only way out. pic.twitter.com/y2ISfboqi9
— Otavio (Tavi) Costa (@TaviCosta) October 21, 2020
Prospects for action on virus relief legislation before the election are fading fast t.co/I1j7KVDrN4
— Win Smart, CFA (@WinfieldSmart) October 23, 2020
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