Chanticleer
Forget stocks, animal spirits rising where they matter most
A steady increase in lending to small businesses at online lender Prospa is a welcome sign of renewed confidence in the engine room of the economy.
We interrupt this broadcast of the great GameStop drama of 2021 for some important news from the real economy – Australia’s small and medium businesses are borrowing and investing again.
While it’s easy to get dazzled by surging sharemarket valuations and flash mob attacks on Wall Street short-sellers, the rise of real-world return of animal spirits is a great sign that our economic recovery is on track.
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