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English to Spanish translations [PRO] Bus/Financial - Economics
English term or phrase:crinch
Greenspan said the reason the recent credit **crinch** — triggered by the subprime lending debacle — hasn't hit U.S. businesses particularly hard is because they've been operating in a time of high cash flows, minimizing their need for such credit options.
"If it weren't for the fact that business was in such extraordinary good shape before this problem hit, I don't think we'd be questioning at this stage whether we're in a recession,"