Credit Crisis Fictional? A Look at the Numbers…
U.S. Bank Loans (Billions of Dollars)
|Week Ending Wednesday||Business (Commercial & Industrial)||Real Estate||Consumer||Interbank (Other Than Fed Funds)|
As you can see, consumer lending is still going strong, business lending actually increased and even real estate lending is significantly up over last year.
While it makes for good ratings and sells newspapers and serves as a convenient excuse for the growth of governmental economic interventionism, in reality the numbers don’t show any crisis.
You can see the source article here.