Sunday, May 21, 2017

We Now Know "Who Hit The Brakes" As Loan Creation Crashes To Six Year Low

http://www.zerohedge.com/news/2017-05-21/we-now-know-who-hit-breaks-loan-creation-crashes-six-year-low

We can now close the book on the WSJ's previously unanswered question of "who hit the breaks?" The answe the US consumer, the driver behind 70% of US GDP, officially tapped out. In fact, it was almost as if US consumers were hit by a perfect storm of adverse events in late 2016 and early 2017

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