Consumer loans year-over-year. Consumer loans peaked 7/2008 which is the more remarkable due to the ever-present price inflation since then.
Monday, October 4, 2010
10/4 Money vs. Credit
The Feds can make reserves available to lenders, it can make money supply grow by expanding it's balance sheet. It cannot kick-start the multiplier effect of money into economic activity. Money supply (M1 and M2) does not equate with economic activity. In order for that to happen the money must be lent.
Consumer loans year-over-year. Consumer loans peaked 7/2008 which is the more remarkable due to the ever-present price inflation since then.
Commercial loans year-over-year%. Commercial loans peaked 10/2008 and have fallen every month since then.
Consumer loans year-over-year. Consumer loans peaked 7/2008 which is the more remarkable due to the ever-present price inflation since then.
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