Something has changed these last few weeks.
Yesterday I was struck by how many indicators have suddenly broken trend over the last few months. It appears that the economic landscape has shifted.
Last week, I mentioned that outstanding loans at U.S. commercial banks have flattened for the first time in over a year.
The value of banks' loan portfolios had been steadily falling since the financial crisis (with some interruptions caused only by statistical anomalies). Indicating a draining of credit from the economy. Not good for a nation trying to stimulate growth.
But this week outstanding loan value held steady, for the fourth week in a row. This is the longest we've gone without a pronounced drop in credit since the crisis broke late in 2008. A big positive for the U.S. economy. Although credit is not growing, at least it's stopped shrinking.
Full article at: Economic Landscape
