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Where is the Credit Crisis?

September 29, 2008, 3:20 pm

Mark Perry observes that if we are in for a credit crunch, its not showing up in the numbers yet, as bank loans and leases hit an all-time high and most other types of lending are still near their peaks.

Tags: ,
Category: Economics

4 Comments

  1. stan:

    You can believe govt statistics or free market prices. When I was an economics major, I learned that prices were the source of a great deal of information. Prices in the credit markets are incredibly ugly.

    September 29, 2008, 6:13 pm

  2. Captain Obviousness:

    Look at the spread between overnight bank lending rates and 3 month t bill rates - it is at an all time high. This is going to get incredibly ugly if nothing is done.

    September 29, 2008, 6:47 pm

  3. Jim Hart:

    Let it get ugly!

    September 30, 2008, 8:50 am

  4. Jolinar Maktub:

    Yes, let it get ugly. Mortgage lending is a stupid and inefficient use of capital. Let's knock out some borrowers and put the capital into business.

    October 17, 2008, 5:38 pm