Hello for the Rebel Capitals, hope you're well.

So I found a couple charts on Wall Street Journal

that I wanted to share with you, ASAP.

Let's go right over, let me do a quick screen share,

and we're gonna pull up this first chart called Money Squeeze, net percentage of

domestic banks tightening standards for commercial and industrial loans.

So we've talked about this here on this channel quite

extensively that although the money supply is going down the loans outstanding

or outstanding credit hasn't been going down that much as far as loans and

leases but the loans or credit being extended to commercial purposes, industrial loans if you will, this has plummeted and we see this every

single time we go into a recession. So in other words, just prior or when we're in a recession, lending standards, credit becomes

tight.

And you can see that perfectly with this chart.

Go back to the recession of the early 1990s.

Where were we?

Very, very tight.

By the way, the higher this blue line goes, the tighter the lending standards are.

And let's see, oh, actually they are including loans to small firms, they're separating

it by loans to small firms and loans to large and mid-sized firms.

Don't know you can see that.

There's actually two lines here.

Unfortunately, they're both blue.

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