eLease Equipment Leasing

Monday morning the first Monday of March, I turn on the news and hear about oil hitting $103.00 per Barrel. Barak and Hillary are going head to head and gold hits another record. Since I am running about 5 minutes ahead of schedule I pull into a gas station that says gas is $3.19 a gallon. As I pull I see the gas station worker walk over to change the gas to $3.29 that would have cost me an extra $1.60 for the fill up. I was the last customer at that price which I found unsettling. Even scarier is that I heard on the news that gas could go to $4.00 per gallon that will have huge effects on the small business community and households in general.

Some economists have compared this economy to the early 80’s. I can see the comparison but there is no interest rate comparison. The silver lining for entrepreneurs and households is at least interest rates have decreased substantially. This will allow entrepreneurs to borrow with less cost which should help significantly.

I cannot remember a time when the Federal Reserve has lowered the borrowing costs by 1.25% in a month and gas has increased over 13% at the same time. I am started to feel sea sick from all the information and the rapid changes in the capital markets.

With instability opportunities are created. I am always amazed by the resiliency of entrepreneurs to grow their businesses in changing times. We spoke to a vendor today that is selling wind turbines to small businesses in the Midwest to help reduce energy costs! Every market correction has an opportunity to flourish new industry.

This entry was posted on Wednesday, March 5th, 2008 at 4:44 am by TomW and is filed under equipment leasing, interest rates, small business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.