Above is a chart for total credit outstanding. While the number is still positive it has taken a bit hit over the last year or so.
Total non-revolving credit outstanding is dropping. As is
Total non-revolving
Real estate loans outstanding are dropping as are
Commercial and industrial loans
However, total consumer loans have leveled off.
What does this tell us? While the rate of change is still positive for all areas, the rate of change is decreasing. In some cases, the rate of change is very large and sudden. This is consistent with the anecdotal information from the Beige Book at the Senior Loan Survey mentioned below.
