ZERO HEDGE writes:
Last quarter, amid the bank panic resulting from surging loan loss provisions, we observed that the heart of the debt-addicted US economy was hit especially hard by the double whammy of collapsing consumer loan supply, with the August Senior Loan Officer Survey finding that banks reporting tighter loan conditions had surged to the highest level since the Lehman bankruptcy, while consumer demand for most loan types had tumbled, …
The post ZH: Commercial loan demand plunges to new post-Lehman low even as lending standards ease appeared first on The Loadstar.
Source: The Loadstar
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