These Are The Industries Most Reliant On Bank Lending

While any group of three Wall Street analysts will have at least three opinions about when the next recession will strike, there appears to be uniform agreement about one thing: the current bank crisis will lead to a severe credit crunch as a result of the deposit runs and reserve shortages across small banks...

... which in turn will lead to an even sharper tightening in credit standards, which is a problem because as we reported in February, well before the current bank crisis, "Fed Loan Officers Paints Dire Picture: Loan Standards Approaching Record Tightness As Loan Demand Plummets."