That's the fallacy, right? One would think it is plentiful given the low rates, you have an anecdote that it is, but look at the data. Lending is fraction of what it was in 2007.
Again, that's because people aren't taking out copious credit, not that they aren't being offered. There's no data on what's offered, only what's contracted.
Ofc if you have decent credit you will get offers even in economic crashes which isnt relevant. That's part of the debt economy.
There's no accurate aggregate measure of lines offered (only those issued), which is the subtle problem with the (most) analysis about credit gluts vs interest rates.
That's the fallacy, right? One would think it is plentiful given the low rates, you have an anecdote that it is, but look at the data. Lending is fraction of what it was in 2007.
https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_p...