Wednesday, 20 May 2009

US bad loans keep on rising

The US recovery story took two devastating knocks this week. First, there was the housing starts data. There nothing in the numbers that even gave a hint of a recovery.

Then, there was the US banking data for March. In particular, bad loans are still increasing. It is not easy for banks to push out loans when so many of their earlier credits are turning bad.

The US has some way to go before we see any robust signs of recovery.

1 comment:

RF said...

That is chart that doesn't look like it is about to turn any time soon.