Confirmation that the rate of economic activity is deeply anemic.  Willingness to lend and borrow are at a once in a lifetime low.  If this continues, inflation stays low or goes lower, productivity eventually falls, and with it economic activity.  If this reverses, boom times ahead. What could trigger a reversal?  Fiscal policy and massive infrastructure spending could help in the short term.  Tough time to be a banker these days, however.