In fact.. US banks are tightening loans even for this quarter.. they expect more pain to come..the QoQ change is impressive.. pic.twitter.com/znFENh2jZ9
— Alessio (@AlessioTMAD) August 17, 2020
US BANKRUPTCIES AT 10 YEAR HIGH (SO FAR) pic.twitter.com/gchmObV1eY
— Win Smart, CFA (@WinfieldSmart) August 17, 2020
Main Street pic.twitter.com/r9g2zoqLBP
— Win Smart, CFA (@WinfieldSmart) August 17, 2020
The US credit cycle is mature, so demand for C&I loans is slowing again. A final spike in C&I loans YoY has been very common heading into recession. Lending standards for C&I loans are now as tight as they were during GFC, implying a significant slowdown in C&I loan growth ahead. pic.twitter.com/uNCI38Jgss
— Julien Bittel, CFA (@BittelJulien) August 17, 2020