Credit expansion must now be followed by a period of contraction, because some of the new credit instruments and practices are unsound and unsustainable.

Nevertheless, the legacy of the huge contraction in credit is not likely to go away anytime soon.

Even if a bailout plan were implemented quickly which appears increasingly unlikely there would be some credit contraction.

Contraction

It misjudged the consequences of fiscal consolidation and credit constraints, underestimating the contraction of employment and overestimating exports and privatization receipts.

Contraction Filter

China s Inscrutable Contraction

The Second Great Contraction

Fiscal contraction is contractionary, period.

Since many of the best ideas and innovations come from small companies rather than large, established firms, the ongoing credit contraction will inevitably have long term growth costs.

The Great Contraction of 2008 2009

Ma'am is a contraction for madam.

The contraction applies not only to output and employment, as in a normal recession, but to debt and credit, and the deleveraging that typically takes many years to complete.

It is a customary contraction like our

Second, the troika based its programs on overly optimistic assumptions. It misjudged the consequences of fiscal consolidation and credit constraints, underestimating the contraction of employment and overestimating exports and privatization receipts.

'Company.' It is a customary contraction like our

This contraction has become even more severe since then.

This threatens to aggravate the damaging contraction of global trade.

Credit expansion must now be followed by a period of contraction, because some of the new credit instruments and practices are unsound and unsustainable. Moreover, the ability of the financial authorities to stimulate the economy is constrained by the unwillingness of the rest of the world to accumulate additional dollar reserves.

Credit Where Credit is Due

The ensuing losses will aggravate the financial turmoil and economic contraction.

But Keynesianism involved continued fiscal expansion, with no offsetting monetary contraction.

There need to be increased funds available to support small and medium size enterprises the main source of job creation in all economies which is especially important, given that credit contraction by banks hits these enterprises especially hard.

After many years of contraction, investment in construction also will rise slightly.

But, in a Great Contraction, problem number one is too much debt.

The period of gravitational contraction lasts about 10 to 15 million years.

Then We draw it in towards Ourselves , a contraction by easy stages .

Credit

Credit

Young sir, give credit where credit is due.

Forecasters assumed that monetary expansion would provide an effective antidote to fiscal contraction.

Unfreezing Credit

Photo Credit

Rural Credit

Financial Credit

Service credit

No credit.

No credit?

Uganda West Nile Credit 3.1 To increase credit and savings

Following the German economy s sharp contraction in the last quarter of 2012, the question for the country today is whether it can avoid a technical recession (defined as two consecutive quarters of economic contraction).

In good conscience, I must give credit where credit is due.

The latest estimates for Italy and Spain project a deeper contraction, prolonged into next year.

And emerging markets will suffer once the US contraction and global slowdown undermines commodity prices.

16. In central and eastern Europe severe economic contraction was common and unemployment remained high.

Picture credit Butterfly