Surveillance: Inflation Fighters with Peters
Bloomberg Surveillance
00:00
The Credit Crunch and Credit Tightening
A credit crunch would be just a total lack of liquidity. And I think right now you're just seeing tightening. Interest rates have been 4.5% only in the last 12 or 13 years. So, and that cheap money has brought a lot of prosperity. But now we're kind of paying the price. We haven't that long time cheap money. It's time to be now.
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