Category: Credit, Federal Reserve, Think Tank

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

2 Responses to “Banks Are Where The Liquidity Is”

  1. stonedwino says:

    If that is indeed the case, we are screwed. With the exception of buying a car or getting a student loan we know banks are really not lending to small business or consumers, unless you have near perfect credit – good luck with that. the 1% and corporate America cannot generate enough economic activity on their own. If consumer spending is still 2/3 of the economy, with wages down over the last decade and credit hard to come by, where will the economy be going?

    Iraq has ISIS and we have the Fed…Joy!

  2. kaleberg says:

    This has been the case for a while now. An awful lot of businesses I know have been using alternate methods to secure credit for expansion such as advanced gift card purchases, direct loans from private parties and raising money online directly or through sites like Kickstarter.

    Basically, the financial sector and the economy are almost completely uncoupled, save for the financial sector as a parasitic load.