Occasionally we run across a graphic that is so telling that we are compelled to shout it out. This is one of those cases.
For this we are indebted to Barry Ritholtz who has been observing capital markets with a critical eye for 20 years. With a background in math and sciences and a law school degree, he is not your typical Wall Street persona. He left law for finance, working as a trader, researcher and strategist before graduating to asset management.
Now for his graphic that caught our eye:
Because I’m a business broker and work in business sales and acquisitions, my first thought upon seeing this chart was “what a great time to buy or sell a business.”
But with interest rates playing such a critical role in our economy, the implications are broader. With long term rates at or near their lowest level in two centuries, we can harbor hope that as one of our former presidents said, “It is again morning in America.”
Now if we could just require that all politicians in Washington attain a passing grade in Economics 201.
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William Bruce is a business broker, an Accredited Business Intermediary and a business appraiser. His practice includes consultations nationally on matters involving business valuations and transfers. He may be reached at (251) 990-5934 or by email atWilliamBruceOnline@gmail.com. His business brokerage website may be viewed at www.WilliamBruce.net.