This month’s research analyzes the current state of the U.S. economy and how the trade impasse with China is affecting the credit market. The uncertainty caused the yield curve to invert again in May but a strong jobs report and Q1 GDP numbers give confidence that the economy is still growing. As the research will show the uncertainty and the proposed tariffs will have a greater effect on consumers and businesses are already delaying capital expenditures. The encouraging economic results will be hard to replicate in the coming quarters if the trade dispute continues through much of 2019.
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Lending situations are simultaneously transactional and relational in their orientation. Most of us are borrowers right now and many of us are lenders. Whether you realize it or not, you have a relationship with your lender, with all of your lenders. It may be a relationship that is mostly transactional in nature, as is the case with most credit cards, but there is still a relationship there. With commercial lending situations, the pendulum swings much more to the relationship end of the spectrum. And that relationship, like any relationship, is between human beings. As we like to often say – banks/lenders don’t make credit decisions, people make credit decisions. Therefore, having a good relationship with your lender is essential. To reiterate, all borrowers and lenders have a relationship, whether they believe it or not
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