I disagree with Hightower.

What you will find here is: a centrist's view of current events;
a collection of thoughts, arguments, and observations
that I have found appealing and/or amusing over the years;
and, if you choose, your civil contributions which will make it into a conversation.

He not busy bein' born, is busy dyin'. - Bob Dylan

Please refer to participants only by their designated identities.

suggestion for US citizens: When a form asks for your race, write in: -- American

Tuesday, September 28, 2010

Credit Crunch?

“Ninety-one percent of small business owners surveyed in August by the National Federation of Independent Business (NFIB) said all their credit needs were met. Only 4 percent cited a lack of financing as their top business problem. Plans for capital spending were at a 35-year low.” http://apnews.myway.com/article/20100925/D9IEME2G0.html

A common amateur mistake is to solve the wrong problem. The quote above from an NFIB survey would indicate that the problem is not that banks lack funds to lend, but that too few want to borrow.

No comments:

Post a Comment