While many inveestors and industry observers are concerned about a double dip recession, the good news is lenders are optimistic about the economy, according to a Phoenix Management survey.
The second quarter results of the firm's “Lending Climate in America” survey reveal that lenders are loaning money at greater rates and expect to continue lending over the next six months. Lenders have also seen a decline in loan losses, bankruptcies, unemployment and bank failures, the survey reports, and lenders expect an improvement in the U.S. economy for the short- and long-term.
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