We are going through a period of mixed signals - common when recessions start turning into growth. For example, this article talks about the GDP growth. Another article talks about a slight increase in durable goods orders. But they both also contain negative data about unemployment and the housing market.
All in all, this is a mixed bag.
Although the reductions in bank financing have been a boom for companies in invoice factoring and purchase order financing, the industry as a whole had a bit of a lousy year. Sure some companies did great. But many others left the industry because of bad deals or due to lack of financing. Yeah, some purchase order financing companies are financed by banks or hedge funds and had their lines cut off (learn more about how po financing companies are funded).
Personally, I have seen overall improvements and think things may get better. But I also know how fragile this recovery is, thanks to the housing mess and high unemployment. I, for one, will keep my fingers crossed.
(p.s. Check out the purchase order financing resources to learn more about po financing)
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Looking for information on purchase order financing? Read the purchase order finance blog
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