Is the ‘Great Credit Crunch’ Still to Come?
Apr 2nd, 2008 | By Contrarian Profits | Category: Featured, Financial News, Politics & EconomicsIt may be that the credit crunch has not arrived yet, according to Financial Times blog FT Alphaville.
Alphaville has dug up a chart showing average daily volume of cash and securities transfers across Fedwire, the real-time gross settlement system operated by the Fed for transfers between commercial banks and other major financial institutions in the US.