Surveillance: Barclays' Rogoff on Fed Cuts
Bloomberg Surveillance
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The Tightening of Credit in a Side Crisis
Christopher Larian: Even if we don't get some collapse in financial system or another bank there still is going to be a grinding tightening. I think that credit always gets tightened in a side crisis like this. We saw it in 2008 and nine. So as we head into second and third quarter I think new loans will be very much lower. And if anything you're going to see much higher rates.
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