nihilarian
nih-i-LAR-ee-uhn
One who does
useless work.
From Latin nihil
(nothing).
_______________________________________________
TIP OF THE WEEK
SBA lenders are not nihilarians.
TIP OF THE WEEK
SBA lenders are not nihilarians.
SBA
7(a) loans account for most long term loans made to small businesses.
When
comparing SBA term loans with bank CALL report term loans, SBA loans account for
as much as 70% of all long term loans made to small
businesses.
The correlation of
SBA 7(a) loan approvals with our nation's economic performance is
strong.
Just for fun I
calculated the correlation coefficient between SBA 7(a) loan volume and GDP for
over six years using the Microsoft CORREL function.
It came out to a
statistically significant 0.86.
SBA lending is now
up over 20% from last year!
_____________________________________
Indices:
PRIME RATE= 3.25%
SBA LIBOR Base Rate May 2013 = 3.20%
SBA Fixed Base Rate May 2013 = 4.52%
Indices:
PRIME RATE= 3.25%
SBA LIBOR Base Rate May 2013 = 3.20%
SBA Fixed Base Rate May 2013 = 4.52%
________________________________________
Debenture Rate for May
Debenture Rate for May
The
debenture rate is 2.07% but note rate is 2.107% and effective yield is only
4.15%.
________________________________________________
AHEAD OF THE YIELD CURVE
________________________________________________
AHEAD OF THE YIELD CURVE
I don’t think we
can call the Federal Reserve a bunch of
nihilarians.
Federal Reserve
Bank of New York researchers forecast the
U.S.
According to the
U.S. Bureau of Labor Statistics, the unemployment rate is at 7.5
percent.
Keep your eyes and
ears open for Friday’s report on jobs for May.
Here is a summary
of net monthly payroll employment and this week’s interesting little table of
data:
April
165,000
March 88,000
February
332,000
January
148,000
2012
December
155,000
November
161,000
October
137,000
September
114,000
August
142,000
July
181,000
June
45,000
May
77,000
April
68,000
March
143,000
February
240,000
January
243,000
2011
December
203,000
November
157,000
October
112,000
September
158,000
August
104,000
July
127,000
June
20,000
May
25,000
April
232,000
March
194,000
February
235,000
January
68,000
2010
December
121,000
November
93,000
October
210,000
September
(41,000)
August
(1,000)
July
(66,000)
June
(175,000)
May
431,000
April
218,000
March
230,000
February
(36,000)
January
(26,000)
2009
December
(150,000)
November
(11,000)
October
(111,000)
September
(215,000)
August
(201,000)
July
(304,000)
June
(443,000)
May
(322,000)
April
(504,000)
March
(699,000)
February
(651,000)
January
(655,000)
2008
December
(681,000)
November
(597,000)
October
(423,000)
September
(403,000)
August
(127,000)
July
(67,000)
June
(100,000)
May
(47,000)
April
(67,000)
March
(88,000)
February-
(83,000)
January-
(76,000)
What does all this
mean?
I don’t
know.
The
U.S.
Private employment
is up 2.166 million over the last year, and up 813 thousand so far in 2013 (a
2.44 million annual pace). U.S.
It
would appear that interest rates are going to remain the same, go up, or go
down.
__________________________________________
OFF BASE
OFF BASE
Are
base stealers the nihilarians of baseball? Especially when they get
caught?
Right
now, Juan Pierre has been caught 200 times stealing bases. That’s more than
anyone else playing baseball right now. It’s number six in all of baseball
history.
Juan
just passed Bert Campaneris on the all-time caught stealing base record.
Campy
is probably best remembered for his antics in the 1972 American League
Championship Series. In game 2, Campaneris already had three hits, two steals
and two runs when in the 7th inning he faced pitcher Lerrin LaGrow. LaGrow's
first pitch hit Campaneris in the ankle. Campaneris staggered for a moment,
glared at LaGrow and then flung his bat toward LaGrow. The bat spiraled at
LaGrow five feet off the ground, but LaGrow ducked, and the bat narrowly missed
LaGrow, landing a few feet behind the mound.
If
you feel like a nihilarian, just remember what John Wooden once said, “Don’t
mistake activity for achievement.”
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