Jesse's Café Américain

“Modern tyranny is terror management. When the terrorist attack comes, remember that authoritarians exploit such events in order to consolidate power. The sudden disaster that requires the end of checks and balances, the dissolution of opposition parties, the suspension of freedom of expression, the right to a fair trial, and so on, is the oldest trick in the Hitlerian book. Do not fall for it.”
Timothy Snyder, On Tyranny

Showing posts with label bank credit. Show all posts
Showing posts with label bank credit. Show all posts
08 April 2009

Bank Credit Growth Drops Precipitously

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The Growth Rate of Total Credit at all US Commercial Banks is dropping precipitously as can be seen from the chart below. This is a negative...
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