by Still decelerating, and data releases seem to confirm that the credit deceleration is reflecting something similar in the macro economy: Annual growth is down to about 1.5%: This would have been maybe 0 billion higher if it had not decelerated: Housing and cars contribution to growth also looking a lot lower than last year: This chart is only through year end. It’s since decelerated as per the above current charts. Note how the downturn in credit growth tends to lead recessions: And forecasts for last quarter, Q2, continue to fall:
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Still decelerating, and data releases seem to confirm that the credit deceleration is reflecting something similar in the macro economy:
Annual growth is down to about 1.5%:
This would have been maybe $500 billion higher if it had not decelerated:
Housing and cars contribution to growth also looking a lot lower than last year:
This chart is only through year end. It’s since decelerated as per the above current charts. Note how the downturn in credit growth tends to lead recessions:
And forecasts for last quarter, Q2, continue to fall:
