Sponsor Message:
Non Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Report: Credit Crunch? What Credit Crunch?  
User currently offlinePPVRA From Brazil, joined Nov 2004, 9101 posts, RR: 37
Posted (7 years 5 months 2 weeks 16 hours ago) and read 1352 times:

Credit crunch? What credit crunch?

By Brian Love

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 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, according to the report published by Celent, a financial services consultancy.

. . .

The report, much of which is based on U.S. Federal Reserve data, challenges a long list of assumptions one by one, arguing that there is indeed a financial crisis but that, on aggregate, the problems of a few are by no means those of the many when it comes to obtaining credit.

. . .

Regarding U.S. business access to credit, the report says:

*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.


Not saying they are completely right, but I know the credit card applications haven't stopped coming in.

[Edited 2008-12-12 09:23:31]

"If goods do not cross borders, soldiers will" - Frederic Bastiat
Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Free Credit Report.com Isn't. posted Mon Aug 4 2008 06:09:34 by Dougloid
Credit Report Transfers posted Thu Dec 14 2006 10:54:17 by Don
Credit Crisis? A 91 Millions Euro Lottery posted Thu Oct 16 2008 13:27:18 by Janmnastami
Pre-paid Credit Cards... posted Wed Aug 27 2008 12:49:12 by OhTheDrama747
Credit Card Fraud posted Sun Feb 24 2008 15:35:45 by A346Dude
Credit Scores posted Thu Feb 21 2008 11:00:25 by Dougloid
U.K Bank Starts Removing Credit From Customers! posted Sat Feb 2 2008 08:35:02 by Cumulus
What Happens When You Get Credit Carbons? posted Thu Jan 24 2008 05:47:14 by HickoryShampoo
Global Credit Crisis posted Thu Dec 13 2007 19:43:40 by Tom12
United Airlines Credit Card posted Thu Dec 13 2007 17:47:04 by Slovacek747