Fed Survey Suggests Credit Crunch Fears Overblown

The latest vintage of the Fed's Senior Loan Officer Opinion Survey was released on Monday afternoon. Who's excited?! I'm just joking. Sort of. The answer is a qualified "nobody." Nobody's interested, let alone excited, with a somewhat important caveat: Between a marginal (and unexpected) improvement in credit conditions last quarter, the dramatic easing in financial conditions during the interim period between surveys and last week's CRE-related fireworks, you could make the case that the updat