Small Business Defaults Rise, Borrowing Drops: “What Scares Us Is The Rise In Delinquencies”
by Tyler Durden
ZeroHedge.com
Sep 2, 2016
Yesterday, we pointed out something disturbing when we looked at the latest NACM Credit Manager Index report: over the past year it had declined steadily, hitting the lowest print since 2009, or as the National Asscoiation of Credit Managers’ economist Chris Kuehl said “Overall, it was fun while it lasted – the trends had been up and now they aren’t” adding that “the best that can be said about the decline is that it was bad and hasn’t gotten much worse…. The sales collapse is consistent with what has been appearing in the Purchasing Managers’ Index and other statistics, so it is unlikely to be an anomaly, not good timing as far as the retail community is concerned.”
The Rest…HERE
