US business loan activity is on the rise
John Robertson
PortfolioDirect
US business loan activity is on the rise. Greater optimism about resource sector investment returns will need more signs of improved investment spending in the advanced economies and, with that, stronger raw material demand. U.S. commercial and industrial loans by banks rose 61% over the year to February 2014. The numbers are tallied in the first week of the middle month in each quarter by the US Federal Reserve. The next survey is due to be completed next week and published around 1 July. The flow through into capacity expansions or equipment updates is not yet evident. Low capital intensity technological innovation will account for some of the additional financial firepower but the numbers suggest that lending constraints are not holding back investment decisions.
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John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business strategist and investment market professional for over 30 years after starting his career as a Commonwealth Treasury economist in Canberra. Since being Australia's top-rated commodities analyst and chief economist at one of Australia' leading stockbroking firms, he has advised companies across the mining, consumer products, IT and biotech sectors on their equity market relations. He leads the firm's investment evaluation and security structuring activities on behalf of the Australian Small Scale Offerings Board (ASSOB), the world's first equity 'crowdfunding' investment platform. John Robertson discusses the interaction of mining and investment markets in his weekly 'From the Capital' column in Mining Journal.
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John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
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