The End Of Cheap Credit?

"Indeed, credit is still ample, just less so than a few months ago." -- True, but not exactly cause for comfort, in a credit-expansion-based financial economy that relies on the endless, exponential growth of credit simply to tread water in terms of cash flow. We think the most foreboding, and accurate quote of this article, is: "As the price of money increases, borrowing and the economy might weaken. The deep slump in housing could worsen. We could also discover that the long period of cheap credit has left a nasty residue."