Wednesday, January 9, 2008

As if things weren’t bad enough, now no more loans for business

Credit squeeze casts shadow over US

How many business models in the last 10 years actually only got started because of the generous credit environment - 50%, 60%, 100%?

Corporate debt issuance in the US has made a lacklustre start to the year, after the slowest December in three years, as the credit squeeze continues to weigh on investor sentiment and market liquidity. So far this month, issuance of investment-grade debt totals $2,500bn, compared with record debt sales of $79,706bn for the whole of January last year, according to Thomson Financial.

Posted by lvmreader @ 03:50 AM (333 views)
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One thought on “As if things weren’t bad enough, now no more loans for business

  • “How many business models in the last 10 years actually only got started because of the generous credit environment – 50%, 60%, 100%?”

    What does this actually tell us about the wealth experienced in Capitalist countries? What does this tell us about Capitalism?

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