Francois Trahan on LinkedIn: Bank credit is shrinking for the first time since the Great Recession –…
File this one in the "this does not happen often" folder! In fact, outside of the Global Financial Crisis we have never seen bank credit shrink in the U.S. Not…
Francois Trahan
"File this one in the 'this does not happen often' folder! In fact, outside of the Global Financial Crisis we have never seen bank credit shrink in the U.S. Not in my lifetime at least, and I tend to be the old guy in the room more often than not nowadays. Not a good sign if this continues. On a related note, we will get the next quarterly installment of the Fed's Senior Loan Officer survey which tracks banks' willingness to make loans on February 5th ... one to keep your eye out for. Happy Friday. FT"
Bank credit is shrinking for the first time since the Great Recession – and that’s a red flag for the economy
Businesses are borrowing less, as the Federal Reserve’s aggressive interest-rate hikes chip away at confidence levels.
George Glover