The 3-month London Interbank Offered Rate (LIBOR) has been rising since The Federal Reserve raised The Fed Funds Target Rate in December 2015.
And bank credit creation YoY has been tumbling recently.
Liquidity moves markets!Click here to learn how you can follow the money.
Commercial and industrial loans have been declining YoY since late 2014.
And the lowest YoY growth rate since 2011.
Auto loans have been declining YoY since mid 2016.
Commercial real estate loans? They too have been declining YoY since mid 2016.
The bright spot is the 1-4 unit mortgage loans outstanding have been increasing YoY as of Q2 2016.
Of course, the economy has been slowing for some time now, but rising interest rates aren’t helping.
Meanwhile, consumer purchasing power continues to decline YoY.
Well, those US Schrute Bucks just keep on getting worth less and less.
Wall Street Examiner Disclaimer:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I am also a contractor for Money Map Press, publisher of Money Morning, Sure Money, and other information products. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. In some cases promotional consideration is paid on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.