We are 15 months into the credit crunch and the interbank market shows no sign of recovering. It fell off a cliff back in August 2007, and there it has stayed.
5 comments:
Anonymous
said...
This is a great chart which makes it all so clear.
Not much will be spread around before the end of the year as the banks will dress the year end balance sheet.
The Crosby report outlines the £160bn funding gap the banks will have to refinance over the next three years.
Money to tight to mention, there is a song in there somewhere.
What NVM says, this is return to 'normalcy' (if that's a word).
Plus you explained half your missing figure in your post of a couple of days ago, half that 'missing' £500 bn is now routed through BoE, the other half is gone for good. Hopefully.
We are 15 months into the credit crunch and the interbank market shows no sign of recovering. It fell off a cliff back in August 2007, and there it has stayed.
5 comments:
This is a great chart which makes it all so clear.
Not much will be spread around before the end of the year as the banks will dress the year end balance sheet.
The Crosby report outlines the £160bn funding gap the banks will have to refinance over the next three years.
Money to tight to mention, there is a song in there somewhere.
All consistent with a 60% correction in th price of property. Only a third as much credit to go round...
B. in C.
Looks to me like banking has recovered it's long term trend line
Could we just reset the clock to 1996 and try again? no boom,no bust and no idiotic gordon brown to crash the economy.
What NVM says, this is return to 'normalcy' (if that's a word).
Plus you explained half your missing figure in your post of a couple of days ago, half that 'missing' £500 bn is now routed through BoE, the other half is gone for good. Hopefully.
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