tag:blogger.com,1999:blog-6616959642391988608.post2011824890967330149..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Bank lending continues to increaseScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-6616959642391988608.post-56863980606191448772013-10-23T10:47:38.196-07:002013-10-23T10:47:38.196-07:00Roy, re the administration's war on banks: Unf...Roy, re the administration's war on banks: Unfortunately the Obama administration has been beating up on banks for a long time. The market is aware of this, however, and it is reflected in very low multiples for the large banks (~10). Banks are aware of this, and that is why they have not been lending willy-nilly and why they have been accumulating excess reserves. So this has already had a Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-34307892803027199342013-10-22T20:06:18.075-07:002013-10-22T20:06:18.075-07:00Hi M Miller, you have to understand that saving Fe...Hi M Miller, you have to understand that saving Federalism from itself (including its sponsors from the military-industrial complex, the medical establishment, Wall Street, and Federal workers) will require all available resources and dollars from Main Street simply to power Federalism for a few months -- the Federal appetite is that large -- you can expect income taxes, Social Security, and McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-76642931812858282262013-10-22T18:27:39.904-07:002013-10-22T18:27:39.904-07:00Scott,
It seems that AG Holder backed by the pres...Scott,<br /><br />It seems that AG Holder backed by the president of the united states is going all out on the banks and it's just the beginning.<br /><br />Regardless if this is justified or not, could it have any material impact on the economy?<br /><br />I have a certain opinion that they will cut costs in any way possible and tighten landing, I'm just not sure how to quantify it. Royhttps://www.blogger.com/profile/09325498485905547125noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-53598829850424120262013-10-22T10:37:08.614-07:002013-10-22T10:37:08.614-07:00If my companies experience is any indicator, healt...If my companies experience is any indicator, health insurance cost increases will be huge. The question must be asked - How harmful could this be to the economy. Could it actually cause a recession? Coverage is now mandates for physicals [we used to pay $100, now Blue Cross pays the Dr. $400 in actual payments - who do you think pays for this? Us in higher premiums. Same goes for expanded M Millerhttps://www.blogger.com/profile/05762326550608359675noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-52220622546768623762013-10-21T23:02:20.544-07:002013-10-21T23:02:20.544-07:00PS: Follow the link below to learn about "Abe...PS: Follow the link below to learn about "Abenomics"<br /><br />http://www.bloomberg.com/quicktake/abenomics/McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-19350362764113760562013-10-21T22:59:00.939-07:002013-10-21T22:59:00.939-07:00Watch for "Abenomics" to gain traction i...Watch for "Abenomics" to gain traction in the US -- the Bernanke QE's were mostly used to fill the vaults at "too big to fail" banks -- these banks need the cash to cover the reality of commingled accounting between their client accounts, and the banks trading accounts -- once the world figures that out, the newly formed "bank reserves" will be required to cover McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-71540930541151911122013-10-21T22:56:28.133-07:002013-10-21T22:56:28.133-07:00Banks don't lend out a penny of their reserves...Banks don't lend out a penny of their reserves, ever. There's a good paper on this by Paul Sheard, S&P Chief Global Economist, titled Repeat After Me: Banks Cannot And Do Not “Lend Out” Reserves.Anonymoushttps://www.blogger.com/profile/09617029528813211568noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-40574526941129358042013-10-21T21:27:40.945-07:002013-10-21T21:27:40.945-07:00Given the news about the Fed's $13 billion sha...Given the news about the Fed's $13 billion shakedown of JPM, why would any bank do anything other than collect deposits for 0.05% and lend short term at 2%? <br /><br />You wonder why economic growth is anemic while the administration chokes the banks...Donny Baseballhttps://www.blogger.com/profile/08040288585224426073noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-42725459970513744222013-10-21T21:12:47.784-07:002013-10-21T21:12:47.784-07:00Nice post. QE? Well, one thing I noticed: The Fed ...Nice post. QE? Well, one thing I noticed: The Fed has done about $3 trillion in QE and bank excess reserves increased about 2.2 trillion.<br /><br />So, even if one assumes that the QE went into bank reserves---and I am not sure about that---it did not all go into reserves. You still have $800 billion out there somewhere. <br /><br />I hope we are in a virtuous cycle here, pertaining to C&I Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-45878549695320023632013-10-21T18:22:15.585-07:002013-10-21T18:22:15.585-07:00You write, “confidence is slowly returning, and ri...You write, “confidence is slowly returning, and risk-aversion is slowly declining” ...Yes this is true, <br /><br />And you write, “and those are essential ingredients for a stronger economy in the years to come”, .... This would be true, but a strong economy is not in the works, it is simply not going to happen, as the growth that has come since 2008, has been due to central bank policies of theyenguyhttps://www.blogger.com/profile/08515095308836729043noreply@blogger.com