Never Mind Stats, Most Americans Say Recession Already Here
In a CNN/Opinion Research Corp. poll of over 1,000 adult Americans, 75% said they believe the nation is now in a recession, which is down from 79% in April, but up from 74% in March. The May decline was the first time the figure had fallen since October, when the poll showed only 46% thought the economy was in a recession. Of those who think the economy is in a recession, 27% said they believe we are in a serious recession, down from 29% in March. But, more Americans are bearish on the future of the economy. The poll showed that 23% believe the downturn will last more than two years, up from 19% in March. Only 2% think it will end in six months. The traditional definition of a recession is two consecutive quarters of negative GDP growth. Though growth was sluggish in the 4Q of 2007 and the 1Q of 2008, the U.S. economy has not yet shown contraction.
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Date Last Updated: 07/11/2008 |
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Charter Capital services many industries. Here are just a few of the industries
we are currently financing:
Trucking and Freight
It has never been easier for trucking companies and freight brokers to get cash
with Freight Bill Factoring from Charter Capital. We purchase your freight bills
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 company 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 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 from
Charter Capital can accommodate the working capital funding needs of both new
manufacturing companies as well as those that have been around for years.
Technology Staffing Firms
Service providers such as technology
consulting and staffing firms are great candidates for our FactorLine accounts receivable
funding 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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