Q4 Mortgage Lending At Big Three Banks Plunges 20-30% Y/Y
via MarketWatch: How low can they go? With earnings from three of the four biggest banks in, one metric stands in sharp relief. Mortgage lending just keeps plunging. In the … Read more
lending
P2P Lending is a Scam – Change My Mind
by nealosis I was reviewing all the defaults and charged-off loans in my Lending Club portfolio earlier today and it just makes my blood boil. For Example consider this … Read more
Profits, Bank lending, Factory activity, Mtg apps, Auto sales
by WARREN MOSLER Corporate Profit Crunch Looms as Stocks Slide (WSJ) In December, analysts cut their earnings forecasts for 2019 on more than half the companies in the S&P 500, … Read more
As Consumer Debt Nears $4T, Lending Tree Executive Says Nobody Should Worry About It
via CNBC: It’s only been five years since Americans hit a grand total of $3 trillion in consumer debt and yet, by the end of 2018, that figure is expected … Read more
No such thing as Bank Deposits or Lending
This is how they manipulate words into believing in something that is not..We have been conned by the money manipulators There are lies everywhere! 5:30 h/t Tui-Yeah
Trade, Pending home sales, New home sales, Durable goods, Bank lending, Earnings
by WARREN MOSLER Need more tariffs… Highlights Amid the unfolding of tariff effects, exports are moving in the wrong direction and look to be a big negative for third-quarter GDP. … Read more
Hong Kong’s Interbank Lending Rate Spikes Most in 10 Years Amidst Liquidity Fears
via confoundedinterest: Hong Kong, with a stressed housing market with staggeringly high prices, just saw a surge in interest rates. (Bloomberg) — The Hong Kong dollar’s surge reverberated across the city’s money … Read more
Implosion of China’s P2P Lending Boom Hits Consumer Spending
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter First sign: auto sales suddenly plunged. The Chinese government legalized peer-to-peer lending platforms in 2015. P2P sites attract money from individual investors – mostly savers – … Read more
China’s peer-to-peer lending industry, the world’s largest, is shrinking
#China's peer-to-peer lending industry, the world’s largest, is shrinking, BBG reports. Savers have been rushing to pull money amid a govt crackdown that's seen some platforms halted & put under … Read more
Beijing struggles to defuse anger over Chinas P2P lending crisis
www.reuters.com/article/us-china-lenders-p2p-insight/beijing-struggles-to-defuse-anger-over-chinas-p2p-lending-crisis-idUSKBN1KX077 For Wang, the Beijing investor, the pain is acute. He and his family had invested 7 million yuan – their life savings, with which they had planned to use … Read more
Credit card rates are now higher than they were at the peak of the last cycle despite CC lending standards is now the highest since 2008 great financial crisis
Credit card rates are now higher than they were at the peak of the last cycle: pic.twitter.com/54RBTFJHGh — Jesse Felder (@jessefelder) August 7, 2018 I wonder what this graph would … Read more
Benefits of Peer to Peer Lending
Image: Pixabay.com Peer to peer lending is getting more popular these days. This is where you don’t have to borrow money from a huge bank or lending firm. Instead, you … Read more
P2P/Consumer lending market in China
by ForwardInstance Has someone done good research around P2P/Consumer lending companies in China. I have done some preliminary research and below are my observations – Observations – P2P lending market is … Read more
Liquidity Is Being Cancelled And They Make More Money Not Lending As Soon As The Yield Curve Inverts
Liquidity is being cancelled and they make more money not lending as soon as the yield curve inverts t.co/QKDMWLiQyW — OW (@OccupyWisdom) June 29, 2018 That’s when they pay out … Read more
How Bank Lending Really Creates Money, The Topic We All Need to Know More About
via forbes: According to a poll conducted by City AM on behalf of the “sovereign money” advocates Positive Money, 84% of British lawmakers don’t know that banks create money when they lend. This … Read more
Jobless claims, Retail sales, Bank lending, Fed comments
by WARREN MOSLER Just a reminder (from 2015) as to why claims are this low: This is not population adjusted: We haven’t yet to recover from the last recession, in … Read more