Jim Bohannon  
ON AIR NOW
Jim Bohannon
3:00am - 4:00am
America in the Morning
Contact Me
 
Infinite Menus, Copyright 2006, OpenCube Inc. All Rights Reserved.

Local News

Expert Comments on Affect Debt Problem on Interest Rates


Central Oregon business people are looking at the debt ceiling talks, and like many others they are also expressing their frustration. Compass Commercial President and partner Darren Powderly says there is obviously a lot at stake with the possibility of a drop in our credit rating: “The main discussion has been around the cost of borrowing, and what that would mean for small businesses across America.  And what that would mean for small businesses here in Central Oregon which would put further downward pressure on an already beat up segment of the industry.” Powderly says low interest rates have probably been keeping us out of a double dip recession, depending on the loan. Powderly says they are historically low at 3, 4, 5 and percent: about 2% to 3% lower that they were about 5 years ago. 

 

 

Share

LinkedUpRadio Envisionwise Web Services