As We Emerge from our Tryptophan Hangover…

Not surprisingly for the week of Thanksgiving, there was no activity on the PPP or stimulus front. However, today the Federal Reserve extended the Paycheck Protection Liquidity Program. This was a loan program for non-bank lenders so that they could participate in PPP lending. In a nutshell, this means that something is likely in the works for a new round of PPP stimulus since the program was set to expire at year end.

And that’s your update. 25 more shopping days to Christmas. Guys, you can no longer wait until the 24th because you have no idea what stores will be open and you will have to allow at least a week for shipping. Two-Day shipping is a gamble at best.

In the category of knowledge is power, attached is a flyer for an economic update at noon on December 10. The Risk Management Association of the Inland Empire is hosting Robert Kleinhenz, a well-known southern California economist. Robert will be taking a look back at 2020 and a look forward to 2021 for the national and southern California economy. He will also be discussing the reasons behind the strong southern California housing market and the impact of the forbearance actions on home mortgages along with the impact of deferred rent.

Robert is an excellent speaker and there are always some very good “take-aways” from his sessions, so please join the RMA of the IE on December 10.