According to Bloomberg reporting US bank lending contracted by the most on record in the last two weeks of March, indicating a tightening of credit conditions in the wake of several high-profile bank collapses that risks damaging the economy. Why this is significant? Anytime money is being taken away from circulation in the form of new Business loans, it usually means market conditions are getting more bearish where inflationary fears are being forecast in the near future going into the 2nd and 3rd quarters of 2023. Another troubling sign to which is making matters worse on this front, is depositors have recently pulled $65 billion dollars in deposits thinning available liquidity for bank operations.
Most likely a short term blip caused by the bank runs in California and New York. Executives and board members of the banks involved should face jail time but of course those on the left rarely do.
I sure hope so, but with all the spending in Ukraine, the bailouts, the weakening dollar’s reserve status and depressed manufacturing and domestic production the fears in the aggregate are warranted. It almost seems like this is all part of the plan in order to crush American wealth to the point of collapse.
