bunngolf

Consumer Loan Growth at 10%

It would be nice to know exactly where the uptick in consumer loans is exactly coming from, instead of just assuming it is all credit cards. It seems to me something significant is happening in banking these days. The shadow banking (secondary market) has all but dried up. Could it be the consumer is now going to the banks more for car loans and other essential lending. I have two home equity lines (unused) and no one has put any restrictions on them. No restrictions on credit cards either, though I pay them off monthly.

It would be interesting for Dr. Perry to dig a bit further into the numbers of where this uptick is exactly coming from. The early 80's recession featured high inflation and high interest rates for consumers and businesses. Further examination would be enlightening.