Monday, July 18, 2011
Good news...lending is picking up!
Total Loans and Leases at commercial banks
Total loans and leases at commercial banks almost positive on the year now. Loans have increased by $64 bln since March. JP Morgan recently reported an expanding loan book.
This could really help the economy in the second half; maybe even save it from the deflationary effects of gov't spending cuts. (Barring any serious external shock, of course).