Home prices finally stopped slipping and the consumer confidence index finally broke 50, but it is this line in today's WSJ early market recap that caught my attention:
"Regional banks were especially hit hard amid concern about potential mounting losses from commercial real estate."
Regional banks have generally been the most stable of the lending community in a market that continues to have historically tight purse strings. Should regional bank losses continue to mount, our industry's already-challenged consumer finance market could face a steeper uphill climb towards recovery.
Tuesday, August 25, 2009
Amidst Generally Good Economic News, Still Reason for Concern
Labels:
business management,
general news
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