This is a "recovery." Remember that as you read this:
After 5+ years of moving lower, the past two quarters have seen a marked
increase in Commercial & Industrial Nonperforming Loans....
... From a low of $8.515 Billion at the end of 2014 C&I NPLs have
increased $2.381 Billion for a 27.97% increase in 6 months. The NPL % to
total C&I loans has grown from 0.50% in 2014 Q4 to 0.61% in 2015 Q2...
Looking at C&I NPLs at the individual bank level reveals that the
$2.381 Billion NPL $ increase is widespread and is not due to a small
handful of institutions having issues....
Yah, that means that a LOT of jobs are hanging by a thread.
But we're in a "recovery," ya'know.
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