Texas Ratio Update

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Includes: IYF, XLF
by: PlanMaestro

If you are still bearish big American banks on credit you either think they are faking it on a grand (even criminal) scale or you believe in a massive double-dip or you are just not looking. Credit is unambiguously improving in the numbers. Most of the bears in the financial blogosphere – and there are many – were flat wrong on how long credit would take to turn.

Turning Japanese?, John Hempton

We have the banregdata.com second quarter update for the Texas ratio and 30-90 day delinquencies that we discussed in the charting banking series. Nice data points, aren’t they? Thanks Mr. Market for that second chance (click to enlarge).