"The door may be slammed shut to all new deals."
Translation: Frigid winter.
Why? Because we're in a global economic depression. Because the government cannot print money anymore. Because anymore printing will most likely induce hyperinflation.
(That's why there was no QE3 announced last month. That's why Germany/Finland do not want to expand EFSF from $400 billion to $2 trillion. That's why China is clamping down on lending, and will most likely earn a 0% growth next year)
And so all the debts will come due. From the $700 trillion derivatives worldwide held by the banks to the tens of trillions of debt held by the government.
Sure, there will be individual investors spreading money around willy nilly (think Dave McClure). But for most, it will be time to prepare for winter. A long 10-15 year winter.