DAILY DELIBERATIONS 10 APRIL 2023

Banks could begin canceling lines of business credit soon. STILL don’t think a recession’s coming? ⅓ of small businesses polled say their credit terms’ve been less than favorable in the last month, 13% have indicated their credit lines’ve been cut in the previous 30 days, and ½ have said they could not obtain adequate financing. The signs say, “steep grade ahead” and have been there for a while, but Biden and his crew keep grabbin’ another gear and mashin’ the gas pedal. Nobody in their right mind wants to travel back to 2008 and 2009, but that’s where the Idiot in Chief’s taking us.

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