Monday, February 09, 2009

State of credit

There’s been much talk recently of a possible turning in credit conditions.

Deutsche Bank - Credit

This chart from Deutsche Bank sums up the issue nicely. As can be seen most recently, yes, there’s been a reduction in the number of US banks reporting a tightening of credit conditions — but at the same time, demand for credit is still plummeting. In otherwords, you can take a horse to water…

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Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.