Most news about the U.S. economy has tended to be on the strong side of
expectations, but one key item suggests that the economy is not out of the
woods yet. The April survey of senior loan officers at 56 domestic banks and 21
U.S. branches of foreign banks showed that lending standards continued to
tighten early in the second quarter. Fifty-five percent of respondents at domestic
banks indicated that their institutions had tightened lending standards for
commercial and industrial loans, up from 30% in January. This, historically, has
presaged a significant slowing in industrial production, spending on machinery
and equipment, and cuts to payrolls.
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS Newsletter
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
( BUS 905-828-3434
2 FAX 905-828-2829 ÈCELL 416-520-1577
› E-MAIL : mailto:email@example.com?subject=Mississauga
Website : Mississauga4Sale.com
- Thinking of selling your home in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?
- If you have not already signed up to receive my monthly real estate newsletter, you may do so here: On-Line Real Estate Newsletter sign up
- See seasonal housing patterns
- Would you like me to send you a 2008 Calendar?