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Tuesday, October 18, 2011

Are banks lending money more freely where you live?

In spite of what we’ve been hearing for years with regard to tight credit markets, a story in today’s DealBook explains that many banks have returned to a more aggressive posture when it comes to lending money (especially where well-qualified consumers and businesses are concerned.)  Click here to see the story.

Implications:   The DealBook story seems to indicate that the recovery is still moving forward.  Are you seeing more big-ticket purchases in your market?  If not “exploding,” have categories like automotive, home furnishings and home improvements at least stabilized?  If you sell big-ticket items, are you seeing more people investigate the purchase… and qualify for financing?

Mike Anderson, for the Elm Street Economics consumer trends blog. A service of The Center for Sales Strategy, Inc.

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