Why Granularity Matters
Granularity. Specificity. High-resolution. Drill down. Different words, all meaning the same thing: give me more detail; show me the texture; tell me the story within. That is what the WAIN Street...
View ArticleDetails Matter
Since our last post on the topic, not much has changed in the debate over small business lending: no one is sure whether it’s lack of supply or lack of demand. The topic is important and we’ll talk...
View ArticleIntroducing the WAIN Street BDX
“I’ll be there in 15 minutes…” It’s an easy thing to say at the beginning of a trip, before a well-planned route deteriorates into a confusing mess of detours and wrong turns. Unexpectedly veering off...
View ArticleTaking the Pulse
At WAIN Street we’ve just released the Business Default Index (BDX) which provides a comprehensive, composite gauge of business defaults in the US. Needless-to-say, we’re excited about many things, but...
View ArticleWAIN Street Reports Decline in Nationwide Business Defaults in February
WAIN Street Business Default Index decreases 0.2% to 4.34% in February WAIN Street reported Thursday that the Business Default Index (BDX) closed the month of February at 4.34%. The index reflects the...
View ArticleThe Next Step: Shining a Light
Six months ago WAIN Street launched the Business Default Index (BDX), the first component of our Business Credit Health Index (BCH Index). At that time we were very encouraged by the initial analysis...
View ArticleBig Data. Small Business.
The thing about “big data” is that it is, well, big. Lots of hype, innovation, start-up activity, punditry and opportunity. Sorry Gen-Y, you didn’t start it. WAIN Street is helping to build up small...
View ArticleSecur(itiz)ing Small Business Credit
We’d like to talk about loan securitization for a moment, but have a small caveat. Despite the 2008 meltdown, if you acknowledge it as a financial tool that can be used (or abused) in a variety of...
View ArticleAn Index You Can Bank On
When espousing the many capabilities and applications we see for the WAIN Street Business Credit Health Index there is always a concern about coming off as too ambitious or “pie in the sky” which can...
View ArticleBig Data Means Big Changes
The world of finance is going to be drastically altered by “big data.” That’s the conclusion of a recent white paper released by BNY Mellon. Written by Jack Malvey, BNY Mellon’s Chief Global Markets...
View ArticleWAIN Street Reports Continued Strength of Nationwide Business Credit Quality...
Business Default Index Deteriorates Marginally by 0.04% Business Default Diffusion Index Improves to 45.02 WAIN Street reported Friday that the Business Default Index closed the month of July at 6.07%...
View ArticleRefereeing loose profits
$2.4 billion is not a lot of money when we talk about the US banking sector. Last quarter, that was the amount by which banks decreased their loan loss provisions. Lower provisioning means banks can...
View ArticleWAIN Street Reports Stabilization of Nationwide Business Credit Quality
Business Default Index Edges Up 0.06% Business Default Diffusion Index Deteriorates to 52.10 WAIN Street reported Thursday that the Business Default Index closed the month of August at 6.09% —up 0.06%...
View ArticleWAIN Street Business Default Index shows credit quality held steady during...
Business Default Index improves for the quarter but slips in last two months Business Default Diffusion Index deteriorates in last two months WAIN Street reported Thursday that the Business Default...
View ArticleWAIN Street Business Default Index shows businesses eked out credit...
Business Default Index posts narrow improvement of 0.06% WAIN Street reported Tuesday that the Business Default Index value for October 2013 was 6.06%—a month-over-month improvement of 0.06%. The...
View ArticleWAIN Street Business Default Index shows business credit quality continues to...
Business Default Index improves by 0.16% Business Default Diffusion Index nearly unchanged WAIN Street reported Friday that the Business Default Index value for November 2013 was 5.90%—a...
View ArticleWAIN Street Business Default Index shows business credit quality strongest in...
Business Default Index improves by 0.19% to close 2013 at 6.25% Broad improvements across industry, geography and business size WAIN Street reported Thursday that the Business Default Index posted a...
View ArticlePutting Defaults In Place
As we reported for Q4 2013, US businesses closed 2013 with the lowest default rate in four years. We mined what is arguably the most comprehensive database of firm-level defaults—the database...
View ArticleGiving Credit Its Due
Each month, in Taking the Pulse, we report State and Industry sector variations in default rate. The high-resolution database underlying WAIN Street’s Business Default Index affords us a unique...
View ArticleGiving Credit Its Due – v2
Our original post with the Credit Quality Map prompted a simple question: Could we also provide some information about the trend underlying each cell? With arguably the most comprehensive database of...
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