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Wysłany: Pią 11:45, 26 Lis 2010 Temat postu: buy ghd hair Increase lending to small businesses |
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Increase lending to small businesses would help U.S. economic recovery
- Yahoo Finance
12, Fed Chairman Ben Bernanke said the U.S. regulators and the bank must continue its efforts to increase small business lending efforts to create employment. He said small businesses to obtain loans stable, the promotion of U.S. employment and economic recovery. Small business is the key to the job market 12 in Washington Bernanke called \He claims that small businesses are the key to overcoming the problem of unemployment, the current financial situation of the parties to guarantee access to credit for small businesses strong efforts are not enough. The current data show that the U.S. job market is very fragile. July 2 U.S. Department of Labor data released, in June non-farm employment decreased by 12.5 million people. Automatic Data Processing Corporation U.S. (ADP) released the employment report showed U.S. private-sector employment in June increased by only 1.3 million people, far less than economists expected an increase of 6 million people. The employment data show that the situation in the economic recovery of unknown background, the U.S. labor market did not show substantial change. In his speech,poloo utlet online, Bernanke said that small businesses create jobs for all U.S. accounts for about 60% of new jobs, small businesses are dependent on the formation and expansion of the credit channel smooth Unfortunately, these companies have reported that credit conditions facing remains grim. Bernanke cited data show that in the first quarter of this year, loans to small businesses from the second quarter of 2008 the balance of 7100 billion U.S. dollars in the first quarter of this year fell to less than 670 billion U.S. dollars. In the past two years,mac cosmetics wholesale, the Fed adopted a series of measures to stimulate the economy, among them to help qualified small businesses obtain the necessary loans to the content. But Bernanke said that the financing situation of small enterprises to improve the measures have been effective, but not enough. According to the Fed's quarterly survey showed that although the first quarter of large banks relaxed their lending requirements for large enterprises, but small businesses are still faced with high standards. Bernanke reiterated that small businesses are able to obtain stable loans crucial to U.S. economic recovery. Economy will not double dip 12 Fed Governor Duke said it still expected the U.S. economy to a moderate recovery,Uggs Laarzen, and will not double-dip recession. Duke said in an interview: \g replied: \He said, \Securities Industry and Financial Markets Association recently released the latest survey, 18 economists surveyed most of the predicted slow economic recovery would make the inflation rate remains low, they delayed the first time the Federal Reserve to raise interest rates the time expected. O'Neill, head of research at Goldman Sachs Group, recently wrote that the U.S. will a period of deflation. He said the U.S. economic outlook still cautious. The property market oversupply and low domestic savings in domestic spending some time down. OF: Mr Stephen Exchange
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