Money Supply Is Falling By Most Since Great Depression | Danielle DiMartino Booth
Forward Guidance
The Economic Impact of the Silicon Valley Credit Crunch
Daniel: I do think the word credit crunch is appropriate. People are not feeling it overnight. What you're not seeing is junk bond issuance stop completely. We have 65 large bankruptcies under the belt as of this taping, the highest number since 2009. These are not environments in which with an unemployment rate that will rise, banks are going to go all out when they're setting aside billions of dollars for loan loss provisions. It's just not happening.
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