Business World Sees Better Credit Conditions
January 14, 2009
By the My MBA Career Content Team – Find Top MBA Degree Programs
Recent news reports suggest that the credit freeze may be improving, potentially setting the stage for an economic recovery and a return of economic growth.
A recent Los Angeles Times report cites several factors that could be a sign of improving credit conditions around the world. For example, mortgage rates are at near-record lows, bond investments have been increasing, and banks are charging less to lend to one another.
The newspaper quotes economist Michael Darda as saying that some recent conditions are signs of the Federal Reserve "having some success treating the symptoms of the credit crisis," although he also warned that factors like a weak real estate market could continue to hold the economy down.
Few are saying that an economic recovery is immediately at hand, with unemployment especially a concern.
Still, a thawing of credit markets is good news for entrepreneurs and other professionals everywhere. Easier access to credit also means more small businesses and in some cases, job growth instead of layoffs. Many people who choose to start a business in the coming years can boost their chances of success and benefit from the knowledge they acquire from an MBA degree.
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Related Article Topics: Business News | Finance
