A downturn in the credit cycle is on the horizon if not already here.

Their argument basically is that this downturn reflects the turning of the credit cycle.

Eventually the banks grew more friendly, but only after losses from previous credit cycles began to ease.

It didn't matter that the credit cycle was ultimately illusory.

Debt deflation is a complicated phenomenon associated with the end of long-term credit cycles.

The credit cycle is the expansion and contraction of access to credit over the time.

A. I think we are past the worst part of the credit cycle.

And if the credit cycle comes to an end, the economy will be in danger of recession.

The prospects for Capital, which will be spun out first, are the bleakest right now, because of the economic downturn and the credit cycle.

Clearly, many banks have other priorities these days, as a downward shift in the credit cycle has hurt their core business.