real frenzy of activity around this case. so, i promise we will return to that as soon as we have it. let s turn our attentions to the united states. the house of representatives has approved a deal to allow the us to borrow more money, days before the world s biggest economy would have started defaulting on its debt. the measure passed the chamber by a vote of 314 to 117, with defections on both sides of the aisle. the us senate must vote on the bill later this week before presidentjoe biden can sign it into law. joining me now is martin baccardax, senior editor, thestreet.com. was it game, set and match to biden on this deal? i think, to some degree, he can claim an incredible victory here, although ultimately he did want to separate this debt ceiling negotiation from his budget, and he had to concede at least some spending cuts along the way. so, he didn t get precisely what you wanted, but as you indicated, there was tremendous bipartisan support for the deal, including r
this is high interest rates, especially to the extent we see now, to increase bad loan provisions, but it also makes banks more profitable more generally. their lending book becomes more profitable because higher interest rates on that loan book. the margin between the two increases. thanks are due to be more profitable during these situations. banks are viewed. but it obviously does come at a cost, so i don t think we will see any situations arise from these increase in bad loan provisions. but it ll be interesting to monitor banks over the coming months to see what kind of detrimental impact it will help, and whether we do see going into the end of the year, as the economy turns more gloomy, where many expect the us will be in recession by then, and may be parts of europe, germany already is of course. if we do see those bad loans increased alongside that, which will have a very dampening impact ultimately on the global economy. find dampening impact ultimately on the global econ