Recessions and Factoring Financing

So it's official. It was in the news that according to the National Bureau of Economic Research the economy has been in a recession since December 2007. this makes it a long recession.

In part - I feel happy that they made the announcement. Why? Well, these folks tend to announce things way after the fact. That means that the recession is probably ending as we speak and things will begin to look better.

Oh, and let's not forget that with all the government money flowing into the economy, things can only get better.... if only for the short term :-)

In the meantime, things on the invoice factoring front have been going well, in part thanks to the fact that not many banks are making business loans. I expect that invoice factoring will a remain strong solution for a little while longer.

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