“On a 13-week rate of change basis, total loans and leases have accelerated at a 9% annual rate, and the gains have been broad-based: commercial & industrial loans up at a 12.7% annualized rate, commercial real estate up 7.3%, housing loans swinging to a positive-2.9% rate, and consumer credit up to a 8.1% annual rate. Tough to square these data points with a moribund economic backdrop.”