In additional to Wells Fargo - more than one dozen additional Banks have
reduced Lines of Credit (LOCs) - the prior contraction in Personal Credit
occurred two weeks before the previous Retracement South.
We anticipate the Net Effect will be Negative with an abrupt reduction in
M2 into the end of August.
reduced Lines of Credit (LOCs) - the prior contraction in Personal Credit
occurred two weeks before the previous Retracement South.
We anticipate the Net Effect will be Negative with an abrupt reduction in
M2 into the end of August.