Economy

With last week’s proclamation from popular economist Harry Dent and his stark warning about the U.S. economy in 2024, anyone with a pulse could not wonder if he could be right.  Anyone with a pulse knows that something about this economy isn’t right.  Current small business lending levels from community banks are now nothing short of catastrophic.  […]

Lending conditions at U.S. banks are tight and likely to get tighter, according to CNBC and the results of a Federal Reserve survey released Monday.  The Fed’s closely watched Senior Loan Officer Opinion Survey showed that while credit conditions got more strict, demand declined as well.  And that is good news for factors and the alternative commercial finance industry.