The question:How much was credit being funneled away from all other sectors in the economy?The answer: Very little if any. Neither the general consumer lending:nor the specific Real Estate lending:appears to run in a different direction that Business Loans, except possibly, in the latter case, in late 2003 and early 2004.Looking at the absolute numbers, while there is a significant negative correlation with consumer lending for the period, that is more than offset by the significant...
