More unsettling news from the credit markets. As people ceased being able to borrow against their homes, they’ve started borrowing on credit cards. And now we’re hearing that a lot of those limits are being hit, and rates are being raised. Meanwhile, there’s anecdotal evidence suggesting that businesses are having a harder time accessing credit. McDonald’s, for instance, is telling franchises that they won’t lend them money for store improvements. As goes McDonald’s…?

Ezra Klein is a former Prospect writer and current editor-in-chief at Vox. His work has appeared in the LA Times, The Guardian, The Washington Monthly, The New Republic, Slate, and The Columbia Journalism Review. He’s been a commentator on MSNBC, CNN, NPR, and more.