Van Hesser's 3 Things in Credit - A KBRA Podcast KBRA Podcasts

This week, our 3 Things are:
1.     Credit card loan losses. They’re at the highest level in 13 years despite unemployment at historically low levels. Does that make sense?
2.     Bank lender risk appetite. The latest Senior Loan Officer Survey is out. We’ll tell you what you need to know.
3.     Direct lending into the middle market. A new KBRA report, which has gotten a lot of market attention, sheds much-needed light on asset quality trends. 

This week, our 3 Things are:
1.   Good things coming to an end. We’re still not normal, but we’re heading there.
2.   Bankruptcy trends. A recent shift in trend is noteworthy.
3.   Thresholds. Things—that when crossed—shift sentiment. 

This week, our 3 Things are:
1.    Big bank color. We’ll summarize what some of the largest lenders are seeing in credit.
2.    Net worth surge. It’s driving the consumers’ confidence to spend.
3.    Treasury volatility. A Fed pivot of the unfavorable kind. 

This week, our 3 Things are:
1.   The CPI print. Is it really shocking?
2.   Earnings season. A third consecutive quarter of earnings growth is forecast but peel this onion a bit and you’ll find some troubling undertones.
3.   Event risk. It’s been relatively quiet. 

This week, our 3 Things are:

Small business signals. A good place to look for slowdown.

Single-B spreads at 16-year tights. Does that make sense?

Apparel company guidance. Have you been paying attention?

This week, our 3 Things are:

Slack. It’s growing in the labor and industrial markets.

Equity euphoria. A surprising view of what’s ahead.

Consumer lenders. Risk investors are making a noteworthy distinction.