Bank Reserves & Loans: The Fed is Pushing On A String

by Tyler Durden
ZeroHedge.com
05/07/2015

“Those who might want to borrow are no longer creditworthy due to excessive debt and/or stagnant income, or those who qualify to borrow more are not interested in borrowing more at any interest rate: they are done with debt.” The Fed can push interest rates down and make it easy for banks to loan more money, but it can’t (yet) force us to borrow money we don’t want or need.

The Rest…HERE

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