April 2023

However, some analysts – most notably Jeffrey Snider, Chief Strategist for Atlas Financial and co-host of the popular Eurodollar University podcast – disagree. Snider believes this move is actually indicative of a shortage of high-quality collateral in the global financial system (via Twitter on April 22)…

Posted onAuthorPorter & Co.

You can watch Snider’s detailed video explanation of this issue right here.

Tightening corporate credit conditions are likely already “baked in the cake” as banks pull back on lending (from Bloomberg on March 21)…

Posted onAuthorPorter & Co.

Global banks are growing wary of risky credits as turmoil envelops the industry, crushing the market for new leveraged finance deals just as it was beginning to regain its footing. Bank underwriters across the US and Europe are pulling sales and pausing future ones amid tepid demand. Barclays Plc recently shelved a pair of loans

The latest National Federation of Independent Business (NFIB) survey suggests credit conditions for small businesses are tighter than they’ve been in years (from Bloomberg on April 11)…

Posted onAuthorPorter & Co.

More US small businesses reported having greater difficulty getting a loan in March after multiple bank failures led to a further tightening of credit conditions. A net 9% of owners who borrow frequently said financing was harder to get compared to three months earlier, the most since December 2012, according to a survey from the