A New Perspective On Low Rates – Low Loan Demand! 1

Real yields remain negative in the USA

Earnings season is upon us again. While this is not something that is typically considered to be “macro”, everything is connected, and more often than not micro and macro factors affect each other.

In the case of 2Q earnings, this is best exemplified by Wall Street banks’ struggle with loan growth. Or rather, the lack of it.

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