tag:blogger.com,1999:blog-5936637281134795592.post6939252958019361305..comments2024-03-08T08:55:52.985-08:00Comments on Whispers from the Edge of the Rainforest: And the walls... came tumbling down.Unknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5936637281134795592.post-42512977242716394732010-09-06T03:55:59.905-07:002010-09-06T03:55:59.905-07:00The head of Canada’s largest bank says the sputter...The head of Canada’s largest bank says the sputtering economic rebound has dealt the industry a tricky dilemma: how to boost lending when solid borrowers are increasingly hard to find.<br /><br />Demand for credit, particularly from corporate clients, has dried up amid a stubborn economic recovery that refuses to take hold. Royal Bank (RY-T52.800.500.96%) chief executive officer Gordon Nixon said the banks must now find ways to build their lending operations – a key driver of their profits – without being coaxed into making unattractive loans just to get more business in the door.<br /><br />“What you hope you don’t see happen is banks starting to do stupid things again,” Mr. Nixon said in an interview, referring to the past several years where credit was easy to come by, and banks around the world were all too eager to lend.<br /><br />“Right now we’re in an environment where demand for credit is very, very low … It’s not that credit isn’t available – there’s not a lot of demand.”<br /><br /><a href="http://www.theglobeandmail.com/report-on-business/economy/banks-struggle-to-boost-loans-as-demand-ebbs-in-weak-rebound/article1697139/" rel="nofollow">http://www.theglobeandmail.com/report-on-business/economy/banks-struggle-to-boost-loans-as-demand-ebbs-in-weak-rebound/article1697139/</a>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-84398861191870247292010-09-05T23:19:21.931-07:002010-09-05T23:19:21.931-07:00I think that the dramatic bubble implosion is a wo...I think that the dramatic bubble implosion is a worst case scenerio and what will probably happen is a slow release back down to normal levels that will take years.<br /><br />Governments must prop the bubble as it is political suicide to do nothing but this will only delay the inevitable slide and bring in buyers who would of bought at a later date.<br /><br />It is going to be a scary time ahead as debt has fueled the last 10 years of spending and last call has been heard.Anonymoushttps://www.blogger.com/profile/12109140436878091821noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-56945274439247291802010-09-05T09:02:47.048-07:002010-09-05T09:02:47.048-07:00Knowing that we are in a bubble (as now confirmed ...Knowing that we are in a bubble (as now confirmed by the MSM, but we knew it years ago) people seem to think the bubble will either stagnate or just slowly peter out. But bubbles never do this. By definition, a bubble always pops violently. I am expecting this in Vancouver proper within the next year or so. Then the experts will be surpised, saying 'we never anticipated this'. I also think a popped RE bubble is going to be the least of our economic problems over the next few years.Anonymousnoreply@blogger.com