Quote Originally Posted by Laughing Man View Post
Lending is drying up? The interest rate is at an artificial 0% and has been for months.
Again, a sad misunderstanding of how things work. This is the interest rate banks get. They can immediately plunk the money the borrow into various bonds and earn a guaranteed profit. So they have little incentive to loan to businesses and individuals that can spur growth. The interest rate is going down and at the same time banks are getting tighter in their lending practices. The financial sector is certainly growing and the stock market is being propped up, but real growth isn't happening because of tight credit. If I really have to explain something this simple to you again, were done.