Some Common Cents for January 15th 2016

January 16, 2016, by John Norris

According to the Federal Reserve, loans and leases on the books of US commercial banks in the United States totaled in the neighborhood of $6.785 trillion in December 2007. The amount of deposits banks had to cover these loans totaled $6.664 trillion. In other words, banks were fully “loaned up.” Also according to the Fed, loans and leases at US commercial banks were about $8.518 trillion in November 2015, and banks had around $10.962 trillion...

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Don’t stress over state of economy

January 13, 2016, by John Norris

After one week of 2016, I am beginning to wonder: Happy New Year? As I told a client, it is much easier to make a worst case scenario for the global economy than a best case one. However, in the next breath, I told them the sun was going to rise in the east the next morning, whether we liked it or not. If it didn’t, the stock market would be about the last thing...

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