Barclays has some interesting analysis that is more reassuring than it should be perhaps because it is coming from Barclays.
How serious is the risk of a credit crunch?
Financial stress has been contained but may still result in tighter lending conditions. Yet we believe solid private/banking sector fundamentals should help avoid a credit crunch. Focus on b/s quality seems wise, yet with CBs closer to peak rates, risk-reward btw rising-rate losers and winners could be more balanced.
