The Fed said Friday that total borrowing dropped by $17.5 billion in November
The only lending going on is that the Fed lending themselves to buy stock index futures. As shown, consumers almost did not lend money at all. To bad we can't audit the Fed.
That money is going to the blackhole as Goldman Sachs are periodically taking profits in trading stocks. The money pays for huge Wall Street operating overheads and bonus for executives. The Fed will be the bagholder when even the money printing can't save the stock market.
blust - I like your thinking, welcome to FAStopia.. lol
That's why I was posting earlier that "Banks are Done". With the VIX at a 52 week low, now they can't even make any money trading. They need the volatility and volume and lately both of those have been non-existant. That push on the banks yesterday was to let some people liquidate before the impending crash. I'm starting to think we see S&P 1000 within the next few months. GLty!