Thursday, September 27, 2012

Velocity of Money is Slowing

Graph of Velocity of MZM Money Stock According to data from the St. Louis Federal Reserve, the velocity of money (M2) continues to slow down...   I think this is one reason why Ben B keeps printing money via QE3---those inflationary pressures from money creation should help to offset the deflationary pressures of slowing velocity.

Bank of America Mortgage Delinquencies

Bank of America has roughly 11% of its mortgages 30 days past due or worse. That's ticking up a little bit from recent quarters, according to this chart shown at the company's presentation during the most recent Barclays Conference.

Wednesday, September 26, 2012

Wells Fargo Foreclosure Rate and Delinquencies

Wells Fargo's recent presentation given this september at the Barclays conference shows thatthe company has some of the lowest rates of foreclosure and delinquency on mortgages of any large bank.

Well's has a delinquency rate of 4.9% versus Citi's 6% and Chase's 5.6%.

And it's foreclosure rate is 2.3% vs. 4.1% at Bank of America.