Whoever would have expected? (h/t Agonist) U.S. banks posted last year their sharpest decline in lending since 1942 Of course, this is exactly what we warned would happen. Can you say Japanification?  Sure you can.  Banks are impaired.  Badly.  So they don’t want to lend.  To get lending going again it was necessary to take … Continue reading Lowest Bank Lending since