One investment strategist says a strong economy and lower interest rates are good news for entrepreneurs looking to start a new business.
Tom Jalics, a Chief Investment Strategist for Fifth Third Bank, says the US economy is still performing well. “The economy is on a really solid footing.” He says 7-% of the US economy is driven by consumer spending, and as of now, thanks to low unemployment rates across the country, strong spending is driving a healthy economy.
Jalics says right now is a good time to be a business owner, and even though some interest rates may seem high, historically, interest rates are relatively low. Citing 4.1% yields on U.S. Treasury notes, Jalics says rates such as these are “pretty low relative to history.”
In addition, Jalics says lower short-term interest rates are driving a lower cost of capital for business…
