Bonds versus bank financing.
| Position | Off the News |
Bank lending to U.S. businesses still remains 6 percent below its 2008 high. In the eurozone, such lending is down by 11 percent since its peak in 2009. The decline in Britain is almost 30 percent.
Meanwhile bond markets continue to grow. In 2007, the value of outstanding corporate bonds issued by U.S. firms was...
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