Photo: Osvaldo Zoom
Earlier we mentioned 13 signs that the double dip is toast. Among them: Strong ISM improvement, strong car sales, and the end of public sector job layoffs.The Fed just gave us a 14th sign: Loan lending standards continue to ease:
The October survey indicated that, on net, banks eased standards and terms over the previous three months on some categories of loans to households and businesses.2 Both large and other domestic banks reported having eased some standards and terms; large banks were primarily responsible for the easing reported in July.3 However, substantial fractions of banks reported in response to a set of special questions that standards for many categories of loans would not return to their longer-run averages for the foreseeable future.
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