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Here comes the dreaded credit crunch.

Eurodollar University

00:00

The Real Danger of Cutting Back on CNI Loans

In April 2008, there was sort of this gray area ambiguity where it wasn't clear which direction things were going to take. My sense from our business contacts is that their perception of reduced access to credit is causing them to manage their firm's liquidity more carefully. Once they started cutting back, businesses didn't just start cutting their capital spending. They started really cutting their workforce.

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