Hmm, you may have more accurate data on that than I do at present however, the underlying indicators on all loans are not encouraging.
1) Some banks in the states are now offering higher interest rates to deposit money than they're lending for. Oh, and they say they're lending but they actually turning people away who are applying for loans. This isn't sustainable- it's the banks DESPERATION to cover their asses in the short term.
2) Banks across the USA have put max daily withdrawal limits from ATMs as low as $200 per day now. Try withdrawing that $10K in your deposit and the bank asks you to see the manager who questions you relentlessly before finally capitulating and telling you it will be available in 14 days, when you come back. When you go back, there's only $5K for you and you have to come back in another 14 days for the rest of your money.
3) Over a trillion in credit card debt in the USA now.
4) Floating-rate car loans that were shovelled out when times were better are going to avalanche in defaults. Referred to as 'Carageddon' the coming defaults will be huge as average folks can't afford gasoline, let alone a hundred extra on the car loan per month.
Anyway, I like your optimism. Nothing wrong with optimism if it keeps people getting out of bed in the morning.
