Straight Talk: Seeing the whole future

      The banks aren’t lending! When the FDIC noted that second quarter lending had decreased by 1.4 percent, or $107 billion, some sectarian pundits reported “the banks aren’t lending.” The implication is that bankers aren’t doing their job.

      Why is it that when loan volume declines, everyone assumes  bankers are refusing to make loans? Why doesn’t anyone assume that loan demand is off? When gasoline sales decline, no one says “the gas stations aren’t . . .

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