Economy at a Near Standstill
The nation's economy nearly grinded to a halt in the fourth quarter, as the housing slump and credit crunch caused individuals and businesses to rein in their spending and investments. The Commerce Department reported that the nation's gross domestic product increased at a meager 0.6% pace in the October-to-December quarter, unchanged from an earlier estimate. In the third quarter, the economy grew at an annual rate of 4.9%, which underscores how far the economy has fallen. The report noted that builders slashed spending on housing projects by 25.2% on an annualized basis, the biggest cut in 26 years. And, while growth slowed, inflation reared its ugly head, a bad concoction for the economy. Some analysts believe the economy could be worse in the first quarter and may even contract. Federal Reserve Chairman Ben Bernanke said he is prepared to lower interest rates again to help stave off a recession. In eight days in January, the Fed slashed rates by 1.25 percentage points, the biggest one-month reduction in a quarter-century. Rates are expected to be lowered again at the Fed's next meeting on March 18.
Return to:
Factoring, Credit and
Economy News
|
 |
|
|
|
|
|
|
|
|
|
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.
|
|
|
|
