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“The Wall Street Journal ran a story about reduced bank lending originating from those banks that received TARP monies. Frankly, I don’t know what kind of response the WSJ was going for, but I know what mine was: of course bank lending is stalling. Amid the precipitous economic decline, loan origination would likely be much worse had the banks not received capital injections. And in looking at the data, I noticed that another shoe might drop on consumer spending: home equity lines of credit are surging,” said quest contributor Rebecca Wilder, author of the News N Economics blog. [...] More on this topic (What's this?) Does Twelve-Year-Old Canadian Victoria Grant Understand More About the Most Important Truth in Li... (the Underground Investor, 5/16/12) Pros & Cons Of Online Banking (Green World Investor, 5/8/12) How to Invest Like a Bank: P2P Lending Returns (Learn Mining News, 4/27/12)
“Green shoots” and “glimmer of hope” are two phrases economists have recently started bandying around, referring to a slowing in the deterioration of a number of economic variables, i.e. that the global economic deterioration is likely bottoming out. The results of two surveys released over the past two days seem to back up the “green shoots” claims and are reported in this post. [...] More on this topic (What's this?) Could Goldman Sachs (NYSE: GS) Earnings Slip Send Investors Bailing on Stock? (Money Morning, 4/17/12) “Goldman Letter” to Wall Street: It’s Time to Come to Jesus (Wall Street Daily, 3/14/12) 98% of Goldman Emails Referred To The movie [Report] (Value Investing, 4/11/12)
I will find myself in Dana Point, California over the next few days, attending a conference hosted by Rob Arnott & Research Affiliates. Posting will be slow while I am on the road and “Words” from the Wise” will take a break this coming Sunday (April 26). The normal blogging service will be resumed on my return to Cape Town by the middle of next week. [...] More on this topic (What's this?) Kerr Neilson Resource Page Added to ValueWalk (Value Investing, 5/9/12) Donald Yacktman Reading List Added to ValueWalk (Value Investing, 4/12/12) Bestinver Asset Management's Presentation on Exor: Value Investing Congress (market folly, 5/8/12) | |||||||||||||||||||||||||
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