Tuesday, September 22, 2009
Here you go....liquidity abounds....good credits - limited!
prb
Subject: Bank Loans Decline & Excess Reserves Increase Negative
Implications for Economic Growth September 22, 2009
* New loan originations at the 22 largest TARP recipient banks are down -9.5% in July.
* According the Fed, excess reserves(idle balances)remain extraordinarily high.
* Without new lending, a sustained economic recovery is problematic.
* Few loans and big reserve volume will keep both inflation and rates low.
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