Loan growth appears strong in aggregate data but this is primarily a rotation from non-bank financing sources (mortgage REITs, fintechs) back to banks as the bond market volatility peaked, not true new credit creation.
factualpending
Speaker
Chris WhelanEvidence Quote
“well it was muted for so long now that the bond market's been a little volatile borrowers are going to go back to the banks that's just the basics”
Source
The Fed’s Ticking Time Bomb Is About To Explode | Joseph Wang & Chris Whalen— Forward GuidanceCreated: 8/11/2026, 1:23:06 AM
My Notes
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