ZeroHedge – Is The Fed Still Fabricating Loan Creation Data? Bank Of America Would Like To Know – 23 March 2015

ZeroHedgeJust under a year ago, when looking at aggregate loan creation by America’s banks, we stumbled upon something strange: there was a massive discrepancy between what the Fed, in its weekly call reports, said was weekly US loan issuance – which the then bulls gloatingly announced was rising and thus a confirmation of US growth – and what the actual banks reported.

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