Groping For a Bottom … Bank C&I Loan Delinquency Rate Barely Rises

Date November 21, 2008

Many recall fondly how deftly policymakers handled the stock price crash of 1987 and 2000-2002’s bursting of the equity bubble.

Financial Stress Hits Small Businesses in Britain

Date November 21, 2008

Sales are down, and credit and insurance are more expensive.

Sterling Falls on Weak Retail Sales

Date November 21, 2008

Bourses slide on recession concerns.

Ultra-Wide Corporate Credit Risk Premia Help to Slash Equity Prices

Date November 19, 2008

Left to its own devices, the private-sector may not be capable of extracting itself from an apparent downward spiral.

Bourses Tumble on Profit Concerns

Date November 19, 2008

Short-term liquidity problems eased.

A Protracted Slowdown Expected in the Euro Zone

Date November 19, 2008

GDP growth is expected to be suppressed well into 2009.

Debt Sliding Down The Rating Scale Feeds Rising Default Risk

Date November 18, 2008

A record 58.5% of outstanding high yield US corporate bonds are rated B3 or lower halfway through the fourth quarter. The long term spike in this value has the default rate pointed sharply higher, and provides some justification to the extraordinarily steep spreads on corporate debt.

Interbank Loans Contract, but Bank-Held C&I, Consumer and Home Equity Loans Still Grow Briskly

Date November 18, 2008

Thanks to unprecedented US government support, the short-term business debt market has improved, but the high-yield bond spread widened to a new record high of 1,639 basis points on November 17.

US Government Is Likely to Offset Private-Sector Deleveraging

Date November 18, 2008

After including the US government, the US economy may not be deleveraging by as much as some fear.

Commodity Price Deflation Slashes PPI

Date November 18, 2008

As of November 8, the price of gasoline sank to $2.22 per gallon — down by -46% from its $4.11 peak of July 5th.

Bad Behavior has blocked 15 access attempts in the last 7 days.