Critical Indicator Signals America’s Economic Fortunes May be Changing
Something unusual happened the last few weeks.
Bank lending in the U.S. didn't fall significantly.
Since the onset of the financial crisis, outstanding loans at U.S. commercial banks have been in a freefall. Over $600 billion in loans have been repaid or defaulted on. Representing an 8% contraction in credit.
US Bank Loans & Credit Chart (on site)
Full article at: America’s Economic Fortunes