Thursday , December 19 2024
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Bank credit is surging. Loans jump.

Summary:
Bank credit is surging. Not the sign of a weak economy.

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Bank credit is surging. Not the sign of a weak economy.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

25 comments

  1. our military is too pre occupied with its war on its own gender so i have a hard time visualizing our troops will be invading not to mention if they ain't vaxed they dont get deployed?…

  2. Mike, you haven't mentioned the maternity hospital that was bombed…is that US propaganda too? Mike "the commi" Norman

  3. My guess is bank credit surges to make up for slowing economy which wont end up well when the economy doesn't rebound.

    • This is the thing that has me worried. Sanctions on Russia just took a significant chunk of global commodities out of the equation. Beyond just official sanctions, there is a lot of self-sanctioning by businesses as they don't want the reputational risk of dealing with Russia. This material shrinkage is coming at a time when demand is increasing (record loan growth is a reflection of this). What happens when this surging demand meets the tightest commodities market we've seen in decades?

      Last year's inflation story was largely a supply chain thing, but this year we could see some REAL inflation.

    • The only case where loans could grow in a slowing economy is if entities start requiring massive amounts of money to pay foreign entities. The money would then be funneled out of our economy

      Rising oil might be part of this equation, but under $150, it’s not a big deal.

      Loans de-facto grow the monetary base. Combined with rising fiscal, there’s no way this is a sign of slowing commerce in the US.

  4. Hey Mike, its good to know there are Americans like you over there. Its really easy to believe that everyone of US citizents has been brainwashed down to a hill-billy or a lemming. I'm bullish too, thanks and bye.

  5. I think you are believing in conspiracy theories from Russia regarding bio labs.

    • It was admitting in Congress live on television. This is the brainwashing Mike was talking about. Without even checking you by default believe the media. Sad

  6. Ok I'm sorry but here are the facts….I agree that we do not want a Nato intervention….Having been in Lviv and Odessa I want to inform you what this is all about…..
    No one seems to be stating this but the CIA and NSA knows this. Kyiv and the biological labs are just a sidetrack…. Sure the Russians want to take the whole country and the capital Kyiv….But don't get sidetracked…This is all about money….the whole confrontation is about claiming and owning the Black Sea ports…Most of Europe's grains (corn and wheat) come from Russia and Urkaine and natural gas…..That's why they grabbed Crimea back then….and with the forthcoming Istanbul Canal, Russia and ship everything from the Black Sea out to the Mediterranean. Hello ?

  7. Bank stocks getting crushed in a rising rate environment. How?

  8. You do not know how to think.

  9. So only a fool believes the western propaganda about biolabs, but when Putin says he's sending in 'peacekeepers' you don't understand that is double speak at it's purest?

  10. This war is definitely about WMD. We just totally forgot to mention it until this week.

  11. Great video Mike!

  12. "Russia's Claims Of Bio-Weapon Labs In Ukraine Are Complete LIES" Of course you have some useful idiots here spreading and amplifying the same bullshit narrative without providing a shred of evidence. https://www.youtube.com/watch?v=hnXgLrwRcf4

  13. Takes guts to speak the truth in times like this!

  14. I need more credit to pay for old credit.

  15. Could the high credit demand be simply driven by the fact that people try to front run the upcoming rates increases? And that will see that demand plunge once that starts?

  16. Swing Trader Rockstar

    28% down put a fork in me

  17. Swing Trader Rockstar

    Government bent is over like usual

  18. Thanks for the level headed analysiss. Praying that Ucrainzy will stop pounding the ww3 war drums, wake up and negotiate Russia valid border security concerns. Blessed are the peacemakers – we need a LEADER – time for Trump !!

  19. This channel needs to be removed for being a Russian propaganda channel… just kidding. You need to stop with this Russian stories

  20. Yep…..I looked into it….the biggest loan I could get…..why not? hehehehe if you dont use it, give it back….. when the stuff hits the fan….I mean I dont know how much of a surprise it would be…..but shoots …..can go get whatever you want hahahaha oops….so much for staying on topic economics hehehehe

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