Optimize your resources to reduce the debt of becoming a least-hassle supplier. When Albert Einstein was once asked to name mankind’s greatest invention, his answer was “compound interest.” While the federal funds rate was near zero, it made sense for businesses to load up on debt and pay virtually no interest. Now, with higher interest rates compounding the impact, it’s…
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Escalating material prices, interest rates cloud 2020 market
Source: Associated Builders & Contractors, Washington, D.C.
ABC Chief Economist Anirban Basu tells members in his mid-year outlook that the nonresidential construction sector will remain stable for the second half of 2018, yet warns of a potential economic downturn in 2020, owing to a rapid rise in interest rates and materials prices.
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