Can the economy revive if banks don’t start to lend again?
Let’s hope so!
Today the St. Louis Fed released its latest monthly look at commercial and industrial loans at major banks — a measure that some would say represents the essence of the US banking system.
As you can see, this measure is still falling like a knife — a bad sign for the ongoing health of the economy. (And also not what we were promised when we bailed out the banks.)