Credit squeeze

The credit squeeze is spreading throughout the economy as the very companies that have grown the most since 2001–on easy credit–now find conditions have changed. Of course the Wall Street Journal is worried about profits; credit restrictions mean less corporate expansion and fewer “buyouts of publicly traded companies by private funds, and buybacks of their own stock by companies themselves.” The article does not mention the impact of all this on jobs, which will surely become scarcer.

Author: benfell

David Benfell holds a Ph.D. in Human Science from Saybrook University. He earned a M.A. in Speech Communication from CSU East Bay in 2009 and has studied at California Institute of Integral Studies. He is an anarchist, a vegetarian ecofeminist, a naturist, and a Taoist.

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