Effect of credit crunch on real assets and the entire business cycle

Credit crunch means available money NOT moving to buy real assets which explains the loss of value even in commodities and basic materials. No one is venturing that even the real assets can be made into products that people with buy , since businesses and investors are hoarding cash and don’t have access to the credit to fund ventures. This is the real effect of the credit crunch. Loss of blood. US equities have lost almost $6T