This past week was the one year anniversary of several big economic meltdowns. A year ago our economy fell into free fall with analysts and media pundits crying, “The sky is falling! The great recession is here! Cash is king! The end is near!”
One year later - at least in the tech field - there are big signs of life. Google buys a company; Intuit buys a company; Adobe buys a company. There is $2.5 billion pumped back into companies.
I am hearing that bank financing is becoming available – at higher interest rates - but money is starting to flow back into the system. Stock prices for banks have rebounded. Check out the one year performance of Capital One and Fifth Third as examples.