Comments (16)
No. 1-8
AshH
AshH

Congrats! That's an awesome platform to be invited to!

anoop
anoop

thanks for being so open about your portfolio.

Scooot
Scooot

I enjoyed listening to you Mish.

PecuniaNonOlet
PecuniaNonOlet

Mish, you should consider doing your own show on youtube like Jimmy Dore. Of course, that would probably eat up a lot of your time. I have begun to wonder who your successor will be when you get ready to call it quits.

IA Hawkeye in SoCal
IA Hawkeye in SoCal

Like a manager once told me, "The power of the pen" is the most powerful tool in any arsenal. Don't fight the Fed.

Tony Bennett
Tony Bennett

"I was on RealVision today with Ash Bennington discussing Gold, the Fed, Covid, consumer spending and a looming fiscal cliff."

...

All nice ... and trends will likely continue ... until

Credit tightening arrives in force.

On the move NOW.

From FR survey out the other day:

Over the second quarter, major net shares of banks reported having tightened standards for C&I loans to both large and middle-market firms and to small firms.3 At the same time, major net shares of banks increased the use of interest rate floors, collateralization requirements, loan covenants, premiums charged on riskier loans, and loan spreads over the bank’s cost of funds, and significant net shares of banks tightened all other lending terms across firms of all sizes.

Major net shares of domestic banks tightened standards on all three CRE loan categories over the second quarter.

Over the second quarter, major net shares of banks tightened standards for all RRE loan categories except for subprime residential mortgage loans, for which a significant net fraction of banks reportedly tightened lending standards.

Over the second quarter, major net shares of banks tightened lending standards on all categories of consumer loans. Major net fractions of banks also tightened important terms on credit card loans, including credit limits and minimum credit scores required.

numike
numike

pffft !! who cares?? the stock market is up up up !!

Coalboy
Coalboy

Hey Mish, new reader here. With the deficit increasing faster due to the virus stimulus packages, why doesnt Congress authorize issuing a new class of savings bond, the "Covid19 bond", with some creative features for term & interest rate. Maybe the Chinese will buy a bunch?