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Are Banks Lending?

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    #32
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    Villa05 wrote: »
    I think it is measured as total outstanding mortgages, rather than just new lending. Agree with your 2nd statement

    Aka- total outstanding mortgage debt has declined every quarter for the past 14-15-16 (however many) quarters.

    So- all it means is we're paying back more debt to lending institutions, than they are making in new loans.

    Pretty meaningless measure- are they trying to suggest that by retiring the gross amount of debt- that somehow, we are contributing to the stagnation/decline in the economy? Is it consumers fault? Is it the banks fault? How does it affect the bigger picture? Is there any cognisance of non-performing loans in the equation- and if not- how would that change the meaning of all of this?

    To many unknowns- and it sounds like they're trying to spin a pretty meaningless figure into something that it quite simply isn't.


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    #33
    Marchbride
    Registered Users Posts: 188 ✭✭Marchbride


    ghosty1 wrote: »
    well got our approval today subject to one or 2 simple things :) delighted

    That's super news well done and congrats :) what bank was it and what were the simple things??


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    #34
    Marchbride
    Registered Users Posts: 188 ✭✭Marchbride


    Marchbride wrote: »
    That's super news well done and congrats :) what bank was it and what were the simple things??

    Sorry ghosty seen your original post that it was PTSB! Great news


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