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Credit crunch across developed economies

Thursday 23 March 2023

Barclays has some interesting analysis that is more reassuring than it should be perhaps because it is coming from Barclays.

How serious is the risk of a credit crunch?

Financial stress has been contained but may still result in tighter lending conditions. Yet we believe solid private/banking sector fundamentals should help avoid a credit crunch. Focus on b/s quality seems wise, yet with CBs closer to peak rates, risk-reward btw rising-rate losers and winners could be more balanced.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.