Thursday, May 5, 2016

"in recent history this has never happened without either a default cycle, or a recession, following immediately after"

"...the April survey showed that on balance, banks tightened lending standards on commercial and industrial loans during Q1, even if lending standards on loans to households were said to have eased.

Everything good that has occurred in Greensboro since 2008
is about to disappear, and City Staff and Council can't say they didn't see it coming is now up to the Fed to pull an ECB -perhaps in the form of monetizing corporate debt and/or loans- and to find a way to open up credit channels, as otherwise it will be very difficult for cash strapped companies to avoid both a default cycle and the recession that - at least bast on historical data - will follow."