Eurodollar University cover image

Here comes the dreaded credit crunch.

Eurodollar University

00:00

Introduction

Janet Yellen recalls a phone call she had with the Treasurer of Chevron in April 2008. He told her that even though our profits are through the roof, and oil prices appear to be impenetrable, business is good at Chevron. And the reason was because banks throughout the economy were beginning to really clamp down on both lending, especially through higher lending standards.

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