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Summary:
Note how it’s all been decelerating since the collapse in oil capex, and most recently the deceleration hasintensified: This is the absolute level of loans outstanding, which seems to only go negative like this in recessionsThis is the annual growth rate which appears to be in a state of collapse: Note the pattern of accelerating into recession, then decelerating:

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Note how it’s all been decelerating since the collapse in oil capex, and most recently the deceleration has
intensified:

This is the absolute level of loans outstanding, which seems to only go negative like this in recessions
Credit check
This is the annual growth rate which appears to be in a state of collapse:

Credit check

Credit check

Credit check

Credit check

Credit check
Note the pattern of accelerating into recession, then decelerating:

Credit check

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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