Credit tighter for certain


2007 came in like a lamb but exited like a lion, as credit conditions abruptly began to tighten last summer and continued to deteriorate through year-end. The economy seemed to be weathering the credit storm reasonably well into autumn, but GDP growth screeched to a halt late in the year.

There was some hope that credit conditions would begin to improve once the calendar turned to 2008, and funding pressures did, for a time, abate, aided by the Federal Reserve's decision to create the term auctio

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: