The headline is somewhat misleading. Borrowing has declined, it hasn’t been cut off.
Vy misleading headline.
The decline is most likely due to a slackening of demand. It's certainly not due to a lack of capital supply. If that were the case, interest rates would rise.
OK, so there's no doubt about the fact that this econ is an underachiever --especially w/ employment. The drag (imho) is not (like BI's trying to tell us) credit. I blame the left's war on commerce.