The Macro Brief: "Bank Lending Is About to Hit A F**king Wall"

We revist my call last October and see where bank lending stands as banks tighten standards.

My call last October was that “bank lending is about to hit a f**king wall.” In 2022, I made several warnings about deposit outflows, financial institutions tightening lending standards and the over-indebted consumer and business.

These problems, which were lurking throught most of the year, did not come to the forefront until Silicon Valley Bank (SIVB) …