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Hello Mark,
In theory (as in Michael Porter) if there was less-risky profit to be
had in business lending someone would quickly fill the void. As it
stands they apparently see profit with less risk in other areas. Many
businesses have shown themselves to be less than great bets--big
plans, fancy accounting, bubble-driven optimism all around. Would you
lend money to a business right now? Or at what rate and at what
level of collateral? Met a guy at the gym the other day. He lends to
small businesses--takes mortgage on the house at 16%, collateralizes
every piece of personal property. That's the picture of risk/reward
today in commercial lending I guess.
Best regards,
Jim Johnson mailto:jejohn@xxxxxxxxxxx
--
Tuesday, September 10, 2002, 9:43:39 AM, you wrote:
MS> This is interesting.....since Banks aren't lending anymore for businesses to
MS> expand, what function do they perform ?
MS> Man, this really smacks of a "just like Japan" condition.
>> -----Original Message-----
>> From: Daniel Goncharoff [mailto:thegonch@xxxxxxxxxx]
>> Sent: Tuesday, September 10, 2002 12:32 AM
>> To: realtraders@xxxxxxxxxxxxxxx
>> Subject: Re: [RT] Money supply charts
>>
>>
>> Actually, the lack of CP issuance says more about the level of fear of
>> more corporate surprises. Remember that with CP, the bank that
>> underwrites it has the default risk. These days, who is going to take
>> that risk?
>>
>> For the historical perspective that the collapse of Penn Central in the
>> early 70s (IMS) nearly brought down Goldman Sachs.
>>
>> Regards
>> DanG
>>
>> "M. Simms" wrote:
>> >
>> > Wow - Commercial Paper activity......lowest in more than a decade.
>> > That kind of says it all as far as overall business activity.
>> >
>> > > -----Original Message-----
>> > > From: Terry B. Rhodes [mailto:trhodes3@xxxxxxxxx]
>> > > Sent: Monday, September 09, 2002 11:40 AM
>> > > To: realtraders@xxxxxxxxxxxxxxx
>> > > Subject: Re: [RT] Money supply charts
>> > >
>> > >
>> > >
>> > > > We haven't seen an update of your money supply chart on
>> > > realtraders in awhile. Could you publish an updated chart? Thanks.
>> > > >
>> > >
>> > > You can view money supply charts here
>> > >
>> > > http://www.martincapital.com/charts.htm
>> > >
>> > > regards,
>> > >
>> > > tbr
>> > >
>> > >
>> > > To unsubscribe from this group, send an email to:
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>> > >
>> > >
>> > >
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>> > >
>> > >
>> > >
>> >
>> >
>> > To unsubscribe from this group, send an email to:
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>> >
>> >
>> >
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>>
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>>
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>>
MS> To unsubscribe from this group, send an email to:
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