Mish's Global Economic Trend Analysis Mon 2009-09-21 14:09 EDT

Is Pent-Up Inflation From Fed Printing Waiting On Deck?

Michael Shedlock

Inquiring minds are wondering about the possibility of "pent-up" inflation from the massive expansion money supply by the Fed...Hardly. A funny thing happened to the inflation theory: Banks aren't lending and proof can be found in excess reserves at member banks. Because of rising credit card defaults, commercial real estate defaults, foreclosures, walk-aways, and other bad debts, banks need those reserves to cover future losses...banks are insolvent, unable or unwilling to lend. Moreover, tapped out consumers are unable or unwilling to borrow.

deck; Fed Printing Waiting; Inflation; Mish's Global Economic Trend Analysis; pent.

Mish's Global Economic Trend Analysis Sun 2009-09-20 11:08 EDT

Bank of America, Citigroup, Credit Card Defaults Soar To New Highs

Michael Shedlock

Last month's improvements in credit card defaults appears to be an outlier. Credit card defaults have resumed their natural tendency to track rising unemployment...Unemployment is likely to rise for another year, then flatten out so it is likely that card defaults keep rising for quite some time.

America; bank; Citigroup; Credit Card Defaults Soar; Mish's Global Economic Trend Analysis; new highs.

Thu 2009-07-30 00:00 EDT

Mish's Global Economic Trend Analysis: Credit Card Defaults At Record Highs But Worst Is Yet To Come

comes; credit card defaults; Mish's Global Economic Trend Analysis; record high; worst.