is this crisis in our head?

[Account Closed]

im going to columbia next yr to study econ philosophy. i could def write a thesis paper on the times we're experiencing right now... is this crisis a genuine materialized problem or perhaps extremely gross over reaction? check the table...

Banks Lending in Billions

1)Week Ending Wednesday

2)Business (Commercial & Industrial)

3)Real Estate

4)Consumer

5)Interbank (Other Than Fed Funds)


1)Aug. 13

2)$1,514.5

3)3,639.4

4)841.6

5)77.6


Aug. 20

1,509.1

3,653.3

845.6

75.3


Aug. 27

1,515.1

3,650.6

848.0

76.3


Sept. 3

1,514.8

3,631.3

846.8

77.2

Sept. 10

1,512.0

3,630.3

850.5

74.0


Sept. 17

1,531.2

3,625.2

847.1

72.3

Last year

Aug. 2007

$1,311.1

3,498.4

774.0

82.7