will the credit squeeze pop cnp

a couple of facts, are:

1. easy credit has been the norm (up to May 2007), without many checks

2. there is no easy credit (Now), except if you don't need. This is the normal state of affairs.

Banks are wary about lending to each other let alone companies or indivuals. If you need a loan to survive, it's going to very tough.

Ok, interest rates are brought down, but that is not going to stop banks being wary and stashing it into something other than risky clients. It's not a subprime loan problem, it's a credit squeeze (not from the Central Banks, but from the Commercial Banks) and that will lead to company collapses.

Max