reuters.com - 12/12/2008
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PARIS (Reuters) - The credit crunch is not nearly as severe as the U.S. authorities appear to believe and public data actually suggest world credit markets are functioning remarkably well, a report released on Thursday says. As a result, governments are pumping masses of public money into the ...
timesonline.co.uk - 12/19/2008
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timesonline.co.uk —
There have been many methods mooted for telling
the future before the fact: water divination, the stars,...
legible tea leaves and numerology. None offers any foresight but they are no less blind than our modern soothsayers, the economic forecasters. In ...
(more)
Number crunch
econbrowser.com - 12/19/2008
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econbrowser.com —
One of the debates regarding the current financial
crisis is whether in fact there is a crisis,...
or whether in fact the financial system is operating normally. I've been skeptical myself of the "times are normal view", but here is some evidence that ...
(more)
Credit Crunch or Not
blogs.wsj.com - 12/9/2008
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blogs.wsj.com —
It is like the converse of that Romantics
tune “What I Like About You.” Charles McCreevy is...
European Commissioner for Internal Market and Services, and he spoke Monday at the Association Of European Journalists Christmas lunch in Dublin. The best part ...
(more)
Deal Journal - WSJ.com : Top 10 Reasons for the Credit ...
Comments
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What Credit Crunch?
Mises Economics Blog —
Robert Murphy and Robert Higgs have said this for months, but Reuters is joining in to point out that, whoops
he credit crunch is not nearly as severe as the U.S. authorities appear to believe and public data actually suggest world credit markets are functioning remarkably well, a report released on Thursday says.
As a result, governments are pumping masses of public money into the economy across the world because of the difficulties of a few big, vocal banks and industries such as car manufacturing, which would be in difficulty anyway, ...
More on the Mythical Credit Crunch
Organizations and Markets —
... | Peter Klein |
The mainstream media finally picks up the meme. From a Reuters story (via Jeff):
*Overall U.S. bank lending is at its highest level ever and has grown during the current financial crisies.
*U.S. commercial bank lending is at record highs and growing particularly fast since May 2007.
*Corporate bond issuance has declined but increased commercial lending has compensated for this.
As for the interbank market, [a new report] says:
*lending hit its highest level ever in September 2008 and ...
Related Content
What Credit Crunch?
blog.mises.org 12/12/2008 — Robert Murphy and Robert Higgs have said this for months, but Reuters is joining in to point out that, whoops
he credit crunch is not nearly as severe as the U.S. authorities appear to believe and public data actually suggest world credit ...
Is there a credit crunch?
marginalrevolution.com 10/24/2008 — Here is a good piece rebutting the Minneapolis Fed study . One point made is this: ...there is the inconvenient matter that the Federal Reserve and
the Treasury went out and did all that stuff they did in order to prevent a
massive breakdown ...
FT.com / Credit crunch
ft.com 2/20/2009 — Disclaimer: Your use of this webcasting service is subject to FT.com’s Terms, which we encourage you to read for full details. You may only access the service for your own personal, non-commercial use. FT does not guarantee that the service will be ...
The Credit Crunch that Isn't -- Another Political Fast One
blog.mises.org 1/6/2009 — The media and the political interventionists have insisted that a huge credit crunch is going on that "proves" the failure of financial capitalism and the free market in general.
What is a work is another political "fast one" to rationalize and ...
The Credit Crunch Peaks
marketprognosticator.blogspot.com 5/10/2009 — The April 2009 Senior Loan Officer Opinion Survey on Bank Lending was released yesterday and the results show that the "credit crunch," may have peaked. Here are highlights: Forty percent of domestic respondents reported having tightened their credit ...
Credit Crunch May Produce Another Food Crisis in 2009
nakedcapitalism.com 11/11/2008 — Restricted credit and access to foreign exchange may lead farmers to cut production, worsening agricultural price pressures. From the Financial Times : The world might face a repeat of this year’s food crisis as the credit crunch encroaches on the ...
What does a credit crunch look like?
marginalrevolution.com 10/29/2008 — Maybe Alex is tired of this topic, if so I apologize. But Isaac Sorkin sent me notice of this : What does a global credit crunch look like when it comes down to raw numbers? A 3% quarterly decline in international banking activity. It doesn't ...
Whitney says credit cards are the next credit crunch
| U.S.
reuters.com 3/10/2009 — (Reuters) - Prominent banking analyst Meredith Whitney warned that "credit cards are the next credit crunch," as contracting credit lines will lower consumer spending and hurt the U.S. economy. "Few doubt the importance of consumer spending to the ...
The credit crunch may cause another great depression
VoxEU.org 10/9/2008 — Nicholas Bloom , 8 October 2008 The crisis is shaping up to be a perfect storm – a huge surge in uncertainty that is generating a rapid slow-down in activity, a collapse of banking preventing many of the few remaining firms and consumers that want to ...
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