Pat Quinn 2014 State of the State: We Made a Comeback, Jobs are Being Created, Companies are Moving Here

In listening to Gov. Pat Quinn give the 2014 State of the State address today, it is clear he is as delusional as President Obama was last night in his State of the Union address.  He continually repeated the following themes: We’ve made a comeback Getting the job done Finish the job Equality and fairness […]

The Meyers Report: Economic Notes

Commercial Real Estate Lending Lending rates continue to climb. Since April 29th, rates for multi-family lending continue to rise. HUD 223(f) and 221(d)4, now at 4.29% and 4.94%, respectively, are both up by 0.86%-age points Fannie Mae loans have risen even more, generally rising between 1.07%-age and 1.42%-age points. There appears to be little pressure […]

The Meyers Report: Economic Notes

Vehicle sales in May (up 2.5% from April) were equal to the strong pace of the first quarter. Initial unemployment claims for May remained, in the vicinity of 350,000, which were little changed from the last three months. Rasmussen Consumer Confidence Index. The dip we saw a week ago Sunday continued pretty much for the […]

The Meyers Report: Economic Notes

Although there are only second tier economic numbers due this week, several have the potential to affect financial markets. Retail sales for April were up 0.1%, and hold the potential to dampen investor’s optimism. March sales were down 0.4% for the month and were up only 2.8% from a year ago. However, retail sales data are extremely unreliable and subject […]

The Meyers Report: SBA and the 4 Cs

SBA Loans Growing In Number On May 4th, the SBA reported that year-to-date, there have been 26,010 SBA 7-A loans issued for a value of $9.739 billion. While this is up from last year’s Y-D of 25,047 and $8.094 billion, it is down from 2011 by 23.95% in loan count and 26.65% in dollars. With […]