Tue, October 29th, 2013 - 6:25 am - By Gordon Basichis
Corra Group has ramped up its business research services in anticipation of increased business activity now that the federal government has been reopened and the debt ceiling controversy has been at least temporarily resolved. The El Segundo based company expects both corporations and smaller businesses to try and close deals before the next financial crisis.
“Our clients told us they were putting deals on hold until the latest political crisis in Washington had been resolved,” said Corra Group Co-Founder, Gordon Basichis. “The closing of the government and the growing concern that the federal government was going over the cliff and defaulting on its loans created enormous uncertainty. There was so much speculation, it just made people nervous.
“If the government did default then there was a strong probability that interests rates would spike. And if interest rates went up the higher cost of doing business might lower the demand for goods and services. Deals in place, such as partnerships, mergers, and co-ventures, are suddenly not as viable as they were a couple of months ago. They can fall by the wayside.”
For the complete press release please click on this link.