Professor Mark J. Perry's Blog for Economics and Finance
Loss provisions surge to a 20 year high.Net charge-offs are the highest since early 2002.The growth in reserves for loan losses was the highest in 18 years. Quarterly Banking ProfileParty on dudes.
It's a trap!
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The DJIA was up today by 2.55% (red line), but how about those NASDAQ bank stocks (blue line) - they made a nice 4.19% recovery today!!? Holy Moly!!
Loss provisions surge to a 20 year high.
ReplyDeleteNet charge-offs are the highest since early 2002.
The growth in reserves for loan losses was the highest in 18 years.
Quarterly Banking Profile
Party on dudes.
It's a trap!
ReplyDelete