MBS Financial, LLC Business Loan Weekly
August 2007	Volume 2, Number 16
In This Issue · Feature Article Fed Minutes Indicate Rise in Non-Transportation Related Spending Broker Resources Top Broker Tips Referral Income Opportunity News and Events Archived Articles Featured Sites Latest News About MBS IRTC Investment Recovery Trade Corporation Featured Products Purchase Order Funding Accounts Receivable Factoring Working Capital Contact Us MBS Financial, LLC P.O. Box 1755 1 North Jefferson Ave. West Jefferson, NC 28694 Phone: 336-219-0105 Fax: 336-217-8155 www.MBS Financial.com	Fed Minutes Indicate Rise in Non-Transportation Related Spending As Seen In The Monitor Daily A read of the text from the minutes of the Fed's last meeting indicates real spending on equipment other than high-tech and transportation seems to be rebounding after sizable declines over the previous two quarters. The following was excerpted from the text of the minutes from the Federal Reserve's Open Market Committee meeting on June 28: Outlays for nonresidential construction appeared to have remained robust early in the second quarter. Business spending on equipment and software in recent months appeared to be about unchanged from the first quarter, although the softness was largely confined to outlays for transportation equipment. Shipments and orders for items other than transportation moved up markedly in March and April after weakness in earlier months, and, even with the small declines in May, the data pointed to a healthy rise in outlays in the second quarter. In particular, real spending on equipment other than high-tech and transportation seemed to be rebounding after sizable declines over the previous two quarters. After a surge in outlays on computers in the first quarter, spending on high-tech equipment appeared to be rising at a more modest pace in April and May. In contrast, spending on transportation equipment declined significantly. Purchases of medium and heavy trucks dropped further in May, continuing to reflect the payback from sales that were pulled forward into 2005 and 2006 in anticipation of tighter emissions standards that took effect in January. New orders for trucks picked up in May, albeit from very low levels. Shipments data indicated that spending on aircraft dropped back from the elevated level in the first quarter. The downtrend in the cost of capital was likely curtailed in recent weeks by the rise in corporate bond rates. Nonetheless, firms retained ample cash in reserve to finance investment. Cash Flow source For Troubled & growing companies Including the self employed