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Toots

What's likely impact of the latest credit crunch related developments on emerging markets like Afric

Sequoia:

The credit cycle has definitely turned in the Eurozone as well. In particular, bank lending to non-financial corporates peaked in May, and bank lending to other financial intermediaries slowed in June. Similarly, the July bank lending survey confirms that lending conditions remain tight but without worsening further.

ABA:

we will wish it was 1929

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