The Fed’s Senior Loan Officer Survey is telling us what many other credit crisis indicators are saying: things are improving. In summary, loan standards have tightened, cost or borrowing has declined, demand for loans is still weak, commercial real estate is still a mess, household mortgage demand was up and mortgage underwriting standards are tightening. All in all, there were some positive signs in the report:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.