How to face the credit crisis in 2009
A review of the New Year message from the FSB and it’s implication to small businesses and their access to credit.
“The Government must and can keep small firms uppermost on its agenda as it negotiates the economy through difficult and choppy waters” is the main focus of the FSB’s (Federation of Small Businesses) New Year’s message. The FSB, UK’s largest campaigning pressure group that looks after the interests of self employed and owners of small firms, released their new year message calling for a light legislative programme for 2009 and a budget focused on “getting the economy running again”.
Firing on All the Wrong Barrels, by Inya Ivkovic, MA
Never would I believe that U.S. interest rates could fall to zero, but that is simply the reality of the current times. At the Fed meeting on Tuesday, the last one for this year, the Federal Reserve made a bold statement after aggressively cutting the key fed funds rate to the range of 0% to 0.25% in an attempt to pump up the faltering U.S. economy.
It is clear that the Fed needed to try to halt the economic slide in the U.S. The historically low record rates will be an incentive for consumers to spend. Low rates will also be used to try to improve the metrics in the distressed housing and loan markets.
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