Analysts are losing sleep over what’s happening at US banks right now
UBS
The economy is all about cycles.
And to Matthew Mish, a credit strategist at UBS, there may be none more important than the credit cycle.
"We firmly believe in credit cycles: the expansion and contraction of access to credit, which foreshadow changes in credit spreads and shifts in business and asset prices," Mish wrote in a note Thursday.
Essentially, the access, or lack thereof, to loans presages major changes in the overall economy. And right now the credit cycle... Читать дальше...