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Quick Note: Bank Credit Growth at Lowest in 4 years

A little worrying on the data front is the slow down in Bank credit. Here’s a quick look at how it’s panned out:

This is the lowest since Jan 2010.

It’s darn good for inflation. It’s not at all good for all those high P/E banks. And banks are getting traded at, er, very high valuations. This could get ugly!

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