Tightening the belt.
It looks like commercial bankruptcies are on the rise, according to Richard Feferman. The commercial credit market is not eager to hand out funds and Uncle Sam is sticking his hand in the mess. As with any hostile market, yesterday (or six months ago) was a good time to tighten the belt and re-evaluate business plans, but today is still a good time to do the same.
Wednesday, March 26th, 2008
