How do we know it is unwillingness rather than demand destruction?
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Its a defenisive move. Many people end up with clsoed accounts or credit lines slashed. Even with excellent credit. You can NEVER rely on a credit line to be there in times of emergency.
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Banks seem more concerned with speculative profits than productive lending. Partly thanks to the Fed. An already highly leveraged consumer doesn’t help either.
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Real estate seems to be fine though.
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Until it isn't. It's a bubble like equities, the dollar is dropping and debt is cheap.
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This after providing unlimited support from the fed? What’s going on? Does bank need more support?
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They have an informal agreement not to lend out excess QE reserves. It would be hyperinflationary. QE goes into bank investment portfolios.
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So near the bottom
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