Author, Banker, Citizen
SO when we talk about "loan growth" for banks, remember that nonbanks/brokers originate most loans in the US. $BAC, $WFC fund and buy loans for portfolio. If they shrink "lending" like WFC, then not buying. Buying today means you own above FV and got a problem tomorrow,
"PennyMac High Balance to $937,500" @PennyMacNews | But inflation is low....
"To him #bitcoin ] is the purest expression of inflation because it is the one asset class that central banks are not directly or indirectly managing through their policy mandate." | | Is crypto really a hedge or an ornamental shrub atop the legacy world
"LOAN GROWTH REMAINS MUTED AS GDP GROWTH ESTIMATES ARE PARED BACK OUT INTO 2022" @krollbondrating | Like we said.....
A $400,000 house got 122 offers in 2 days, highlighting the desperate frenzy buyers are facing amid skyrocketing real-estate prices and a dearth of homes for sale via @businessinsider