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Heresy Financial
Apr 2, 2023
What exactly is a credit crunch and why does it seem like so many people are so concerned about it? Federal Reserve officials are saying it is unclear whether SVB will cause a credit crunch. Bloomberg reported that it is the last thing that the strained economy needs. The Street is talking about how this will affect earnings and stocks are set to move lower.
And Bank of America is talking about how we are to see another liquidity crunch because of these bank crises. Fox News mentioned how this could really impact small businesses and advice being sent to small business owners about securing loans right now before they are no longer available. So why would a credit crunch be so important for the overall economy?
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