Monday, November 17, 2014

Commercial Banking Employment

Click to enlarge.

In spite of the recent employment cliff diving reminiscent of the Great Recession, will someone please inform the commercial bankers that their jobs are perfectly safe! The credit bubble can't pop again!! And as long as they keep making loans and ZIRP remains in effect, it never can!!!

They just need to get out there and break the ice! Meet some people!! Find credit worthy businesses looking to expand!!! This is not rocket science!!!!

November 2, 2014
Commercial lending is making large gains

Commercial lending activity is on the rise across the country, bankers and analysts say, reflecting an economy continuing to gradually stabilize.

In Northeast Ohio and elsewhere in general, the demand is spread across several industries from manufacturers and energy producers to shale drillers, health care and real estate. And banks large and small are competing for the business.

Energy producers to shale drillers, eh?

November 13, 2014
Falling oil prices hit shale stocks, force pullback on fracking boom

“The genie is out of the bottle,” said Fadel Gheit, a managing director at the investment firm Oppenheimer & Co. “In this business, extremes rule. When prices go up, everyone and his brother invests in oil companies. When they go down, watch out. ... The last time I saw something like this was 2008, when the stock market collapsed.

Remember what I said earlier about breaking the ice? That was me just trying to be optimistic. I had no idea how thick it was. Sorry about that.

Source Data:
BLS: CES Databases

1 comment:

Stagflationary Mark said...

As seen in the chart, I think an argument could be made that the dotcom recession really should have come in the late 1990s.

That said, it's hard for a bubble to pop when everyone is out buying party materials for a once in every 1000 years event. 2000! We're on top of the world! It's nothing but biscuits and gravy from here!!