bigly
big´ly
In a
tumid, swelling, blustering manner; haughtily;
violently.
Of
uncertain origin, possibly from a dialect of Old Norse, bugge meaning big
man
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TIP OF THE WEEK
TIP OF THE WEEK
A bigly enervation
of the guidance on affiliation and franchises
should be in the new Standard Operating Procedures. The intractable
trichotillomania over eligibility should grow
quiescent.
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 October 2016 =3.53%
SBA
Fixed Base Rate October 2016 = 4.86%
________________________________________
SBA
504 Loan Debenture Rate for October
The
debenture rate is only 2.21% but note rate is 2.249% and the effective yield is
4.261%.
________________________________________________
AHEAD OF THE YIELD CURVE
AHEAD OF THE YIELD CURVE
There does not
appear to be splentic presentiment over a bigly recrudescence of interest
rates.
There was strong
demand at the last auction of 30 year Treasury bonds. The 2.470 percent high
yield was just a half of a basis point below the yield awarded at the prior
auction and 29.8 basis points higher than the record low set in the July
auction. Long term bond yields continued to climb after comments by Federal
Reserve Chair Janet Yellen suggested there may be benefits in letting inflation
run higher than the current target of 2% in order to stimulate the
economy.
Inflation has for
years been dormant in the U.S. U.S.
One of the Fed’s leading
indicators on inflation is capacity utilization which measures the amount of a
plant that is in use at factories, mines and utilities . The Federal Reserve
recently reported that capacity utilization for September edged up 0.1 to 75.4
percent after having dropped in August.
Here is what capacity utilization
rates have done:
1997-
83.6
1998-
83.0
1999-
82.4
2000-
82.6
2001-
77.4
2002-
75.6
2003-
74.6
2004-
79.2
2005-
80.7
2006-
82.4
2007-
81.5
2008-
79.9
2009-
66.9
2010-
74.8
2011-
76.7
2012-
79.0
2013-
77.8
2014-
78.8
2015-
76.5
What does all this
mean?
I don’t
know.
Capacity utilization at 75.4% is
4.61% below the average from 1972 to 2015 and below the pre-recession level of
80.8% in December 2007. Several analysts have pointed to a rate between 81% and
82% as a tipping point over which inflation is spurred. The Federal Reserve
typically won’t initiate increases in interest rates until then.
The BLS reported that the
seasonally adjusted CPI for all urban consumers rose 0.3% (3.6% annualized rate)
in September. The CPI less food and energy rose 0.1% (1.4% annualized rate) on a
seasonally adjusted basis. According to the Federal Reserve Bank of Cleveland Cleveland
Inflation has
generally been moving up, and most of these measures are at or above the Fed's
target
Keep your eyes and ears open for
Friday’s preliminary estimate of third quarter Gross Domestic
Product.
Impecunious
concerns will motivate the Federal Reserve but they might
festinate.
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OFF BASE
OFF BASE
Is bigly really a
word?
During the
presidential debate, Donald Trump used the word “bigly” several times. It
seemed like he was trying to use it as an adverb of the word big to mean great
sized, not huge, but definitely large. Like his hands or so he
claims.
But that’s not the
correct usage of the word (unless the Donald meant violently and boastfully) if
you look at a brief history of bigly. This adverb came into use around 1400 and
stuck around for roughly 500 years. It has been used two different ways over the
centuries.
The first meaning
was to mean “with great force or violently or strongly.” It appeared in such
fashion in the classic King Arthur tale Le Morte d’Arthur, published way back in
1485: “So roughly and so bigly that none might withstand him,” wrote Sir Thomas
Malory.
The second
meaning, which has been more popular in recent centuries, means “boastfully,
haughtily or proudly.” Thomas Hardy put it to use in his 1874 novel Far From the
Madding Crowd: “I don’t see that I deserve to be put upon and stormed out for
nothing, concluded the small woman bigly.”
Sorry about my
bigly use of words.
