( Commercial Paper + C&I ) * Outstanding
Posted by Sada Mosler on July 23rd, 2008
Summation of Commercial Paper Outstanding AND Combined Commercial and Industrial Loans Outstanding
Combined commercial and industrial loans and commercial paper show a leveling off after the initial drop.
Back in mid 2006, I remember commenting that I thought the government deficit was no longer high enough (given everything else that was going on) to support the credit structure.
The last push up was largely a product of fraudulently obtained sub prime and Alt-A loans.
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