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Where is the Credit Crisis?

Mark Perry observes that if we are in for a credit crunch, its not showing up in the numbers yet, as bank loans and leases hit an all-time high and most other types of lending are still near their peaks.

Posted on September 29, 2008 at 03:20 PM | Permalink


You can believe govt statistics or free market prices. When I was an economics major, I learned that prices were the source of a great deal of information. Prices in the credit markets are incredibly ugly.

Posted by: stan | Sep 29, 2008 6:13:39 PM

Look at the spread between overnight bank lending rates and 3 month t bill rates - it is at an all time high. This is going to get incredibly ugly if nothing is done.

Posted by: Captain Obviousness | Sep 29, 2008 6:47:45 PM

Let it get ugly!

Posted by: Jim Hart | Sep 30, 2008 8:50:54 AM

Yes, let it get ugly. Mortgage lending is a stupid and inefficient use of capital. Let's knock out some borrowers and put the capital into business.

Posted by: Jolinar Maktub | Oct 17, 2008 5:38:12 PM

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