Tuesday, February 02, 2016

Oh! Now the banks are peddling fiction?

Banks report drop in demand for loans.

"Demand for commercial and industrial loans has plunged in 2016, with declines happening across business sizes. Large- and medium-sized businesses had an 11.1 percent decline, while demand from small businesses fell 12.7 percent. "

2 comments:

Anonymous said...

"Demand" for loans or the impairment of credit preventing businesses from even applying? More proof that the economy continues to get worse if you want my opinion. DF

she said: said...

It's probably some combination of the two. But I think it's probably more weighted towards credit impairment. This morning I found a rate at 3.49%. The last time rates got this low - banks didn't want to lend to anyone. And why would they?