Lending standards are already being tightened in a way we don't see outside of serious recession. Loan officers are battening down the hatches preparing for the financial storm which wouldn't be coming if the economy was heading for a soft landing. As credit dries up, the job cuts get amped up.

Eurodollar University's Money & Macro Analysis

SLOOS
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April 2008 FOMC Transcript
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DISCLOSURES
Jeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Advisors, Inc. (AFA). Jeffrey Snider is affiliated with AFA as a promoter only and is not in any way giving investment advice or recommendations on behalf of AFA. The Promoter is being compensated by a fee arrangement: The Promoter will receive compensation on a quarterly basis, based on the increase in account openings that can be reasonably attributed to the Promoter's activity. The Promoter will not be receiving a portion of any advisory fees. The Promoter has an incentive to recommend the Adviser because the Promoter is being compensated. The opinions expressed on this site and in these videos are those solely of Jeffrey Snider and Eurodollar University and do not represent those of AFA.

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