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Is Lending on the Upswing?

Adam R.'s picture

Posted February 2, 2009

Cato Institute adjunct scholar Bert Ely has a comment on the editorial page of today's Wall Street Journal that indicates that the volume of commercial lending increased in the last quarter.   He says that the report is out of the Federal Reserve, although he doesn't cite the source and it is not linked in the online version.

This seems to counter a lot of the on-the-ground information that I am hearing about lending.