Monday, August 13, 2007
UPDATE: Tightening lending standards and declining credit demand almost all across the board, according to the Federal Reserve's July Senior Loan Officer Survey (Hat tip to Calculated Risk). No need to worry, though, I'm sure that employment, wage growth and investment opportunities are always enhanced by reduced demand and access to credit. Maybe, the Times can reassure us by running an article on this subject tomorrow.
INITIAL POST: Click on this link. Does anyone believe that the substance of the article is remotely plausible? If so, why? I'm willing to be educated.