What "credit crunch"?

I have not heard anything about the "credit crunch" since Wednesday,when two potty mouthed disc jockies took over the media.
Does this mean we are not about to go into recession,and that we are not really teetering on the edge of financial meltdown?
Or is it all a plan drawn up by Cyclops to distract us from the doom and gloom?
The credit crunch is over. Mandelson has sorted it.
Mandy is a sweet man, or at least so all those cross.dressers from up North were telling me in that funny bar in Belgium, anyway. Love the "man", but only in private and normally with Paddy. I like Paddy, his medals clink.

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