This is an extract of a speech presented by Rismark’s Christopher Joye at last week’s LIXI Industry Forum: One of the problems with managing the Byzantine nexus between extreme asset price and credit cycles, and the ordinarily adverse ramifications of these events for our real-economy, is that policymakers have historically had very poor credit data. […]
Credit
The nanny state is here: “sorry sir, you’re too fat to buy a burger”
There’s a major change coming to consumer credit laws — credit providers can only lend if it is in the client’s best interest — that has nanny state written all over it and no one’s making a fuss. Do we really need to be protected from ourselves? asks Stephen King.
Nervous bankers produce lending slump
Bank lending perked up in December, but 2009 as a whole saw the lowest growth in 17 years, thanks in part to a sharp slump in lending to business that was driven, ironically, by banks themselves.
Credit growth slows, retail sales slump
The Australian economy is slumping much faster than previously thought, figures on credit growth and retails sales released this morning show. By Glenn Dyer.
Is the US about to lose its AAA credit rating?
Reassurances that the US isn’t about to lose its AAA credit rating have raised about why it is even being discussed, writes Glenn Dyer.
