Picturing a Recession

The credit crunch is most worrisome.

By SHARE

It is charts like the ones below (courtesy of JPMorgan) that make me worry more about recession than inflation. The credit crunch is getting crunchier.

http://www.usnews.com/dbimages/master/6412/GR_PR_080821creditchart1.jpg
http://www.usnews.com/dbimages/master/6413/GR_PR080821creditchart2.jpg