Some big banks trimmed their stockpiles that guard against loan losses in the fourth quarter, but overall allowances fell less than many observers predicted. The trend will likely continue given uncertainties surrounding vaccine distribution and the economy.
Federal relief efforts have minimized loan losses so far, but risks remain in credit card, auto and business lending. Many borrowers will need another lifeline to stay afloat until the economy rebounds, CEO Jamie Dimon says.
then it s tied at the same company producing in poland guarantees and here in studio you environmental standards and the distance to sirens factory is minimal. retracing my shirts path now takes me to greece that s where the cotton comes from . greece produces 80 percent of the copy grown in the european union but that accounts for less than one percent of global production most of the cotton used in europe. it s imported from far away. the company but the source does things differently the family owned gun producer uses cotton from local farms but that isn t cheap. much should cost about $20.00 europe s that s a lot more expensive than a comparable t. shirt from fast fashion industry. credit quality has its price and if we re not prepared to pay for it as european citizens then someone in asia pays
back. it was a little too far too fast. but what keeps me up at night, if anything, is just corporate debt. that s something that is not being talked about a lot. household debt is in great shape relative to 2008. what does worry me is the credit quality of corporations. at some point, as i mentioned earlier, multiple of 16 times, about what i think the investors are willing to pay for the s&p 500 because of things like swelling fiscal definite it ises and also credit quality. so something like that to come unwound fairly quickly and given like the rapid deterioration of consumer sentiment that we saw with the university of michigan, it s something that is worth pausing about. all right. i m going to thank you. final word, larry. goes without saying. thank you very much. all right. the back and forth of the nestiness with nancy pelosi and the president of the united
a powerful signal of recessions has wall street s attention. okay. what are they talking about? why are people worried about this in. so in times of a good economy, the yield curve, meaning, you know, a basic curve where bonds are. and bonds have different maturities. the yield curve should look like this. so same credit quality, but over time, the longer you go out, the yield should be higher. the price should be lower. now, historically when a recession comes, you see it flatten, even invert, which means goes lower. all of a sudden wall street in the last few weeks is pay attention. that yield curve is flattening. that is a signal the economy doesn t look so good. that will be a surprise to donald trump. the economy does not like tariffs, correct? the economy does not like tariffs. but, again, we re still in somewhat rhetoric mode. like, yes, everyone is getting beefed up here. but it remains to be seen what s going to happen. and wall street has done a pretty good job of t