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Chimney sweeps under fire Macro credit ReprintsFor centuries, chimney-sweeps in Europe were a wandering breed.
"Single-digit return on equity reasonably could be the rule of the day," said Martin Hansen, senior director in Fitch's macro credit research team.
Chimney sweeps under fire Macro credit ReprintsTheir output today, of some 27.5m b/d, is much the same as it was in the 1970s.
Chimney sweeps under fire Macro credit Reprints Related items Corporate scandals: The fugitiveOct 5th 2006Pre-emptive strikesThe backdating scandal was triggered by several academic papers that identified suspiciously favourable patterns in the timing of option grants.
"How do you wean an economy off of this easy money policy, which was never meant to be as protracted as it has become?" said Edward Marrinan, the head of macro credit strategy at RBS Securities.
Chimney sweeps under fire Macro credit Reprints Related items Gaz de France and Suez: Breton's battleAug 24th 2006The potential of the Pinault/Enel plan was played down by Thierry Breton, France's finance minister, who has personally lobbied hundreds of parliamentarians to support the GDF-Suez merger.
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At both a micro and macro level, credit became far too easy to acquire, leading to businesses and individuals increasing their exposure at a record pace to record levels.
Economics, macro 4,5 3 credits Placement out of ECON 1120.
Nomura said: As banks go through macro-economic slowdowns and credit cycles, there are three points of inflection to buy the stock.
Given that even relatively modest rises in rates will hurt, the aim is to use macro-prudential tools (as credit controls are now called) to limit both the pace at which borrowing costs rise and the level that they have to rise to.
They argue that changes in that balance reflect macro-economic factors, such credit booms or busts and government finances.
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