Arquivo para 18 novembro, 2008

Where’s the Credit Crunch?It’s Sure Not in the Data (Onde está o Aperto do Crédito nos EUA? É claro que não está nos dados)

novembro 18, 2008

Mais uma evidência da resiliência dos EUA diante da crise. Os dados foram registrados hoje no blog do Prof. Mark Perry!

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Where’s the Credit Crunch?It’s Sure Not in the Data

 

Total commercial bank credit at an all-time high of $10 trillion ($10,000,000,000,000)
Total Consumer Credit at an all-time high of $2.6 trillion:

SF Chronicle: Automakers have been hit hard by the economic downturn as consumers put off purchases of big-ticket items, and the credit crunch has made it difficult for would-be buyers to get car loans.
UK Telegraph: The credit crunch has dried up the car loan business.
AP: Instead, Gettelfinger blamed the problems the auto industry is suffering from on things beyond its control — the housing slump, the credit crunch that has made financing a vehicle tough and the 1.2 million jobs that have been lost in the past year.
WSJ: “This industry is in a crisis situation not of its own making,” UAW President Mr. Gettelfinger said, blaming the mortgage crisis, credit crunch and financial-sector meltdown for the auto sector’s condition.

Update: Thanks to an anonymous comment, see today’s WSJ article “Banks Keep Lending, but That Isn’t Easing the Crisis.”

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