I just have a few minutes here, but I would like to direct you to a post at Portfolio.com. It quotes from a research report from Celent. The gist of the report is that there is no credit crunch.

You may recall that the Minneapolis Fed said as much about a month ago. That report was subjected to a lot of criticism and even a rare contradictory report by the Boston Fed. Celent follows up on the Minneapolis report and concludes that indeed bank loans have been increasing.

I’m not much of a conspiracy theory type but the report does appear to raise some interesting questions.