Demand for safety has risen, as tight credit access pushes households and some businesses to increase saving.
Inflation and tight credit are proving to be the two big economic issues in China this year.
Limitations on housing construction are weak job growth, tight credit standards for home buyers, and developer financing challenges.
Tight credit markets at home and sluggish markets outside China made everyone cautious.
But it went on to list a litany of headwinds from job losses and lost wealth to tight credit.
ECONOMIST: The American economy: Better than it looks? | The
Tight credit is not an immediate threat: German companies have plenty of cash.
Tight credit controls--net charge-offs are only 4.7% of the portfolio--helped AmeriCredit survive the 1997 meltdown of the subprime lending industry.
In today's tight credit market Pensco is also seeing groups of people making secured loans--to small businesses or individuals--from their IRAs.
"Global economic conditions are improving but remain fragile, " he said, pointing to weak labor markets, tight credit, and depressed consumer spending.
The trifecta of rising food and energy prices, tight credit, and sinking home prices continue to weigh heavily on consumers wallets.
The Commission attributed the slowdown to lower global demand, higher material costs, a volatile financial market and tight credit conditions in China.
While household spending has picked up recently, it remains constrained by high unemployment, modest income growth, lower housing wealth and tight credit.
Two thirds of the owners surveyed started the business from their own savings, which is not surprising, given the still-tight credit climate.
He said during the real-estate boom, sales were driven up by "artful credit conditions, but now with tight credit, "prices are more real.
"In a tight credit market, you can get this money quickly and easily, " says David Kanigan, head of products for Morgan Stanley's private bank.
The big drop was defined by auto sales, which fell as the tight credit conditions made it especially difficult to obtain a car loan.
The FOMC notes that household spending is increasing gradually, but remains constrained by high unemployment, modest income growth, lower housing wealth and tight credit.
The ECB recognises that "tight credit conditions" remain for many companies.
It blamed continuing austerity measures, weak confidence and tight credit conditions.
The global economic downturn, the sub-prime mortgage crisis, investment bank failures, falling home prices, and tight credit pushed the United States into a recession by mid-2008.
What's more, in my view the company has sullied its brand with questionable promotions, declining customer service and tight credit even for customers with stellar payment records.
In a slow market, and especially one with tight credit, it's easier for first-time home buyers to purchase homes, and they're usually buying at the entry level.
"Household spending has shown signs of stabilizing but remains constrained by ongoing job losses, lower housing wealth and tight credit, " said the Federal Reserve in its assessment Wednesday.
Consumers, indebted and hobbled by tight credit, cannot help much.
This year has tight credit and high inflation slowing growth.
FORBES: How the Dreyfus Brazil Mutual Fund Beats the Brazil ETFs
First, despite a year of tight credit and doomsday predictions from many China watchers, the China economy is alive and well and continues to grow at a healthy rate.
Tight credit is making its presence felt in the U.S. economy, data released on Wednesday showed, with fresh indications of lost jobs, contracting manufacturing activity and falling mortgage applications.
These losses would cascade through the economy in the form of further reductions of economic demand and extremely tight credit requirements from lenders focused on repairing their own balance sheets.
FORBES: What Deleveraging? Financial Relativism and the U.S. Economy
The fear of contagion is the real concern here as future sovereign debt issues in other countries could put more pressure on the global banking system amidst a continuing tight credit market.
Fed Chairman Bernanke remarked in his speech yesterday that household spending remained elusive with stubbornly high unemployment, the legacy of lower wealth courtesy of a slide in home values and still tight credit conditions.
FORBES: Gap Chief Spins Yarn Investors Find Hard to Swallow, Beazer Junk Sells Off
应用推荐