Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Well, there is an immense amount of existing credit = money swilling about the system (particularly hedge funds and sovereign wealth funds), and that is of course where people are looking for finance now that credit creation by intermediaries is (terminally, IMHO) fucked.

Bilateral "Trade" credit will always be a continuing fact of commercial life.

But I do think we have seen Peak (Bank) Credit.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Tue Mar 4th, 2008 at 06:14:06 AM EST
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