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Where else could we get a room on such long credit as Old John allows us?
Bankers are rejecting those who do not have near-perfect credit or long credit histories.
By mid-2007, it had become abundantly clear to many observers – not least on this paper – that the long credit boom was over.
No one knows how long credit will remain scarce for companies, or whether companies will start making their matching contributions again when credit loosens and business improves.
Part of this higher saving is natural and desirable: householders need to put a bigger slice of income aside to pay off the debts racked up during the long credit boom.Yet the private-sector savings glut is largely down to companies which, unlike consumers, had not been spendthrifts during the boom.
The immediate outlook for trading, capital-raising, merger deals and for the fees they yield to City firms is the worst it has arguably been for decades.Finance grew fat during the rich world's long credit expansion, and it is inevitably shrinking now that boom has turned to bust.
Similar(43)
Reached this week in Hawaii, Long credited the greats who came before him, especially Noll.
As a result, the choreography was long credited solely to the Opéra's ballet master Jean Coralli.
The "Brattonistas", as some call themselves, are the men and women he's long credited for New York's massive drop in murder rate.
And Ray Dalio, the billionaire hedge-fund manager of Bridgewater, has long credited the success of his funds to his daily practice.
That has powerfully sustained the housewife/mother image of German lore and was long credited with producing well-bred, well-read burghers.
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CEO of Professional Science Editing for Scientists @ prosciediting.com