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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Vosilla who wrote (51160)1/24/2006 1:36:39 PM
From: mishedlo  Read Replies (4) | Respond to of 110194
 
The US and probably the world is in for a world of hurt.
That is for sure.
The FED can print but will banks loan money to a person technically bankrupt and underwater on his house and without a job or with a job at Walmart?

Are we going to have a "new new deal"?

Mish



To: John Vosilla who wrote (51160)1/24/2006 1:58:43 PM
From: shades  Respond to of 110194
 
MORE SHOPPING! hehe

DJ Emerging Market Retail Lending Set To Soar - S&P

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LONDON (Dow Jones)--Retail lending in Brazil, Russia, India and China increased by close to 40% a year between 2001 and 2005, and lending is set to continue at at least that rate over the next four years, a study by Standard & Poor's Corp. (SDP.XX) ratings agency has found.

The study found that retail lending is growing by at least 10% a year in the banking sectors of Central and Eastern Europe, the Middle East, Latin America and Southeast Asia as well.

By the end of 2009, S&P forecasts that lending in Brazil, Russia, India and China will top $1.8 trillion, which is up from $145 billion in 2001 and just slightly more than the total retail lending in Germany in 2005.

Banks make retail loans to customers who need them to finance buying homes and cars, as well as for home improvements or vacations.

"The retail lending boom in emerging markets fits hand in glove with the decade-long trend of acquisitions of emerging market financial institutions by international banking groups," S&P said in a statement.

S&P pointed to Citigroup Inc. (C) and HSBC Holdings PLC (HBC) as examples of international banks which have been buying in emerging markets.

Company Web site: standardandpoors.com

-By Sarah Spikes, Dow Jones Newswires; +44-207-842-9294; sarah.spikes@dowjones.com