burke
buhrk
1. To
murder by suffocation.
2. To
silence or suppress.
3. To
avoid or bypass.
After
William Burke (1792-1829), who killed people to sell their bodies for
dissection. His preferred method was smothering so as to leave the body unmarked
and suitable for dissection. He was captured, hanged, and on the judge's orders,
his body was publicly dissected.
_____________________________________________
TIP OF THE WEEK
TIP OF THE WEEK
A burking
enervation of the guidance on affiliation and
franchises is in the new Standard Operating Procedures, effective January
1st, 2017. The intractable trichotillomania over eligibility should
grow quiescent.
SBA
will no longer review franchise and license agreements to determine
affiliation. Instead SBA will require the SBA Addendum to the Franchise
Agreement. Every loan applicant who is subject to a franchise or license
agreement will have to have this document executed. No more franchise
registry. No more franchise findings list.
Additional
guidance on credit elsewhere and fee relief for Veterans are in the
SOP
SBA
expects that the SOP should be arrant and not
frustraneous.
In
other words, there is no reason to be pervicacious and oppugned to SBA
loans.
_____________________________________
Indices:
Indices:
PRIME
RATE= 3.50%
SBA
LIBOR Base Rate December 2016 =3.63%
SBA
Fixed Base Rate December 2016 = 5.71%
________________________________________
SBA
504 Loan Debenture Rate for November
The
debenture rate is only 2.57% but note rate is 2.6147% and the effective yield is
4.357%.
________________________________________________
AHEAD OF THE YIELD CURVE
AHEAD OF THE YIELD CURVE
The latest report
on jobs burked any splentic presentiment over a bigly recrudescence of
interest rates.
According to the
Bureau of Labor Statistics, total nonfarm payroll increased by 178,000 in
November. This follows a 142,000 increase in October. In November, the
year-over-year change was 2.25 million jobs. Keep in mind over 2.25 million jobs were
lost in just four months in early 2009.
Here is a summary
of net payroll employment and this week’s interesting little table of
data:
October 142,000
September 208,000
August 167,000
July 252,000
June 292,000
May 11,000
April
123,000
March
186,000
February
244,000
January
172,000
2015
2,740,000
2014
3,116,000
2013
2,074,000
2012
2,193,000
2011
2,103,000
2010
1,022,000
2009
-5,052,000
2008
-3,617,000
2007
1,115,000
2006
2,071,000
2005
2,484,000
2004
2,019,000
What does all this
mean?
I don’t
know.
While jobs
continue to grow, there is some weakness.
The change in jobs
for October, the last report before the Presidential election, was revised down
from 161,000 to 142,000.
Despite the strong
headline number, a lackluster reading on average hourly earnings, which slumped
0.1% in November, helped weigh on Treasury yields by dampening inflation
expectations. The 30 year Treasury bond, which is most sensitive to
inflationary expectations, gained in price as its yield dropped 5.2 basis points
to 3.057%. The Federal Reserve meets next week. Just before their meeting,
there will be an auction of 30 year Treasury bonds. At the last auction in
November demand was weak and the yield of 2.902% was a hefty 43.2 basis points
above the previous month’s auction rate. Inflation has generally been
moving up, and most of these measures are at or above the Fed's
target.
__________________________________________
OFF BASE
OFF BASE
Only
20 days until Christmas. Since Christmas this year falls on a Sunday, the next
day, the 26th will be a bank holiday.
That
means we are finally celebrating Boxing Day. Boxing Day is a holiday celebrated
throughout the United
Kingdom
It
began as a way of showing others less fortunate that we cared for them. Sounds
like something we should all be doing.
