04.21
When are banks going to start acting like banks again? Now that there are plenty of signs the economy is rebounding, what’s the main ingredient needed to sustain growth? If you said cash, you are spot on. Our customers need cash to invest in their businesses. Updating retail graphics and rolling out new displays requires cash. Cash is needed to rebuild operations and unfortunately, many banks are still holding their purse strings tight to their vest. Some people are predicting a second round of problems with our economy due to difficulties securing financing. Let’s hope they’re wrong. Our customers need cash to make necessary capital improvements. We need cash to grow our work force to support the retailers who are proactively investing in their business. It’s the one business lubricant we can’t do without. Let’s hope banks return to their roots of lending money (wisely and prudently), so we can keep this rebound moving in the right direction.
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