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Economists Expect Sluggish Recovery
The economic recovery will move fitfully and at a
sluggish pace over the next two years because the two
pillars of financial security – jobs and home prices – will
remain shaky, an Associated Press survey of economists
found. As a result, the Federal Reserve will be forced to
keep interest rates near zero until at least the final
quarter of this year, three-fourths of the economists said.
Economists surveyed believe the unemployment rate will
remain high the next two years. It will inch down to 9.3% by
the end of this year and fall to 8.4% by the end of 2011,
according to the survey. The rate has been 9.7% since
January. When the recession started in December 2007,
unemployment was 5%.
Economists also expect home prices to remain almost flat
for the next two years, even after plunging an average 30%
nationally since their peak in 2006. The economists forecast
no rise this year and a 2.3% gain next year. They expect
sales of existing homes to increase this year and next, but
part of the reason for this is high foreclosure activity,
which will keep prices down. Moreover, they expect the
economy will grow 3% this year, which is less than usual
during the early phase of a recovery and the reason
unemployment will stay high.
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Date Last Updated: 04/14/2010
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Charter Capital services many industries. Here are just a few of the industries for which we are currently providing business financing:
Trucking and Freight
It has never been easier for trucking companies and freight brokers to get financing with Freight Factoring from Charter Capital. We purchase your Freight Invoices
and fund you within 24 hours, so you don't have to wait to get paid.
Staffing Firms
We can help you grow your staffing business with unlimited payroll funding, whether you're a start up or a multi-million dollar temp-staffing agency. Our clients provide staffing for various industries including Professional, Office Services, Medical, and Manufacturing.
Security Firms
Demand for security services in the USA is on the rise. Be financially prepared to gain your share with a FactorLine business financing facility only from Charter Capital.
Manufacturing
If your business is a manufacturing plant, distributor, packaging company, or any business that invoices to credit worthy customers, then a FactorLine financing facility from Charter Capital can accommodate the working capital funding needs of both new
manufacturing businesses as well as those that have been around for years.
Technology Staffing Firms
Service providers such as technology consulting businesses and staffing firms are great candidates for our FactorLine accounts receivable financing service, enabling you to increase your cash flow without the need for bank loans. We are always adding new industries and will consider factoring service providers in any industry.
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