Celente – This is How Bad it Has Gotten for Main Street America

from King World News

This is how bad it has gotten for Main Street America.

October 21 (King World News) – Gerald Celente: One in every five businesses operating last January has stopped doing business entirely, according to Womply, a business services website that estimates most of those idle businesses have closed permanently.

Of 6,325 small businesses surveyed by business network website Alignable, 40 percent reported being at risk of failure before 2020 is over.

Bank loans are the principal source of funding for small business. In July, 70 percent of senior loan officers told a U.S. Federal Reserve survey they had tightened requirements for loans to small businesses – the highest number since 2008’s fourth quarter at the depths of the Great Recession.

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