MILESCFA

Credit Crisis Watch: Gaining Positive Traction?

Your articles are always an excellent source of spread info. I enjoy seeing so many doubters, but I think I'd like to see more (ergo, capitulation?).

The only caveat I see is the excess reserves levels; I'd like to see them turn as an indication that lending is beginning, but won't they also turn given the likelyhood of mass writeoffs in this periods earnings reports?

I would appreciate if you'd throw some lending level charts into your columns. I know the Fed Banks release this info periodically, but is there a monthly or weekly source?

Thank you.