Friday, November 7, 2008

Ship Comes In for Trade Financiers

Another aspect of the financial crisis.

As the financial crisis chokes credit and corporate profits, specialist trade-finance firms have it so good that they are turning away potential customers. These financiers include small hedge funds and boutique investment firms, which specialize in providing loans that help grease the wheels of the $14 trillion market in global trade. They've stepped in to fill some of the void left by commercial banks that left import-export businesses high and dry when they began pulling credit lines several months ago.

$14 trillion trade market. In 2007 the US GDP was $13.8 trillion.


No comments:

Post a Comment