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Napanee, Ontario | I wasn't talking about just the Ag market. I was talking about the entire market.
Hence my use of a house mortgage in my examples in other posts. I thought were discussing the nuts and bolts of how banks operate, not just AG banks. So if we are talking about bank operations, i thought we were looking at all banks.
as your report shows, the commericals are getting even larger, and taking over even more market share, so when we are talking about how a bank operates, i would think it would be worth referencing the market share leaders.
Am well aware of Banks having record reserves... they arn't dumb, and dont want to lend it out into an economy that despite what all the media fanfare likes to have us beleive, isnt really recovering at all. They likely realize that they are going to need massive stockpiles of equity to surive the coming storm when the FED either by choice, or is forced, to pull the pin on propping up the bond market. Higher interest rates mean asset values will plunge intitially, and the cushion is going to be needed. If rates get too high however, which i suspect will be the case if the rate genie gets out of the bottle, and hence the FED doing everything it currently can (BELGIUM through the ECB IMO) to keep it in, then all bets are off for any valuation, currency assets ect. It will be real chaos. I'm not sure how much longer than can keep the charade going, but i will applaud them for how long its been going thus far anyhow. | |
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Bankers and cattle prices
