Crossword Genius

What may suggest setter's straitened circumstances? (5,6)

Ross

I believe the answer is:

queer street

'what may suggest' is the definition.
I can't judge whether this defines the answer.

'setter's straitened circumstances?' is the wordplay.
I cannot quite see how this works, but
an anagram of 'setter' is 'street' which is present in the answer.
The remaining letters 'queer' is a valid word which might be clued in a way I don't see.
This explanation may well be incorrect...

(Other definitions for queer street that I've seen before include "Supposed residences of people in debt" , "The Red" , "in financial difficulties - with 7d" , "Bankrupts' road" .)

I've seen this clue in The Times.
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