As the economic news continues to be less than encouraging — like last week’s jobless claims report — I am hearing some very different sentiments from the folks that I talk to on a regular basis.
Two regional bankers have told me the same thing in the past two weeks, namely that they will have to start lending more money in the next 12 months. Evidently, they are sitting on so much cash that shareholders are complaining that it needs to be put to better use. Likewise, my business brokerage got a recent inquiry from a large insurance company that is interested in one of our listings. It, too, has so much cash in reserve that it is looking for ways to put it to work.
This is hoisted from the comments at Brad's Grasping Reality blog.
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