Bank credit has now entered contraction territory
Since 1974, this has only happened ONCE:
→ The Financial Crisis
Back then, this metric reached levels as low as -5%. At the current rate, a credit event is nearing quickly.
Bank credit has now entered contraction territory
Since 1974, this has only happened ONCE:
→ The Financial Crisis
Back then, this metric reached levels as low as -5%. At the current rate, a credit event is nearing quickly.
