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“Despite the apparent strength of the banking system, the ratio of private sector credit to GDP is still low by international standards (see Chart 3). Some of the restrictions on the banking system, and the incentives for banks to hold government bonds rather than make loans, have stifled lending. Consequently, the average ratio of loans …
Continue reading ‘Charts: India’s Banks Lend Very Conservatively’ »
In the residential real estate market, foreclosure activity continues to be a major drag though it decreased in May relative to April. Last year a record 3.1 million filings were made. RealtyTrac predicts this year a total of 4 million foreclosures.Businessweek predicts the housing market to recover sometime in 2012. The Commercial Real Estate (CRE) …
Continue reading ‘Composition of Total Mortgage Amounts Outstanding in the U.S.’ »
The personal savings rate in the USA started to increase since last year when the economy crumbled. Traditionally Americans save less than people in other countries. Europeans, Asians and others are high savers. But in the past how much did Americans save each year? Has the savings rate been always too low? In order to …