Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

Even More Fodder for the Bulls?

IMG Auteur
Published : May 01st, 2012
264 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
FOLLOW : Recovery
Category : Crisis Watch

 

 

 

 



(Image: source)


As I noted in "More Fodder for the Bulls," Wall Street really seems to love bad news these days. Given that, here's a story that should really get them pumped up:


"Economic Gloom Gathering, Credit Managers Suggest" (CFO.com)


The latest poll of credit managers reports a dip in collections and sales, adding to the year-over-year trend of an optimistic beginning that weakens as the year progresses.


Economists have said many times since the 2008 financial crisis that the recovery will be a long time coming and that it will be hard. So far, optimistic signs have predominated during the first half of a given year, followed by reasons for pessimism about the U.S. economy.


The latest monthly barometer from the National Association of Credit Management (NACM) reinforces that fact, dipping in April for the first time in five months to 55.1 compared to 56.2 in March.


The trade association surveys about 900 credit managers each month on a range of favorable and unfavorable factors. In its report released today, NACM said “the robust growth that started the year has faded somewhat, provoking concerns that the economy will start to retreat for the third time in as many years.”


Partly feeding the concern is a slowdown in payments between companies, which is one of the first signs of a downturn, according to Chris Kuehl, an economist for NACM. For the most part, he says, companies are acting cautiously by putting some of its late-paying customers on their watch lists. But they're not yet turning away customers because of slowed collections.


Michael J. Panzner 


 


<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Michael J. Panzner is a 25-year veteran of the global stock, bond, and currency markets and the author of Financial Armageddon: Protecting Your Future from Four Impending Catastrophes, published by Kaplan Publishing.
WebsiteSubscribe to his services
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Leaked Police Report: There Are 23 Muslim-Controlled “No Go Zones” ...
25 Junkevthorne1
I do not know how anyone could take an article like this seriously. It is garbage of the worst kind. 'Anonymous sources' 'unidentified leaks' - not...
Bitcoin in Perspective: Bill Gates Worth More, Gold 200 Times More
22 JunDavid C.2
Yes Mish, but bitcoin and the wealth and debt burdens of the world are fully backed by electrons which are very light. Unlike that 68 ft glob of m...
Bitcoin in Perspective: Bill Gates Worth More, Gold 200 Times More
23 JunDynoman0
Valuable potential is what's currently offered by digital currencies. It makes absolute sense to have a global digital economy based upon borderles...
Absent Without Leave
21 JunS W.
Bail ins for sure. It was agreed at the G20 in Brisbane. You are not really a share holder. You are an unsecured creditor to the bank a...
Absent Without Leave
19 JunJ.3
Perhaps all the international shenanigans are the smoke and mirrors intended to obfuscate the view of the looming financial catastrophe. When the ...
Gold Price Cuts Post-UK Election Loss, ETF Investors Sell, Nasdaq D...
16 JunSam Maher
"the SPDR Gold Trust (NYSEArca:GLD) – saw its sharpest liquidation since March in the week-ending Thursday, with shareholders cutting the fund's si...
Things To Come
13 Junkevthorne3
If voting for 'parties' actually made a difference they would have not legalised it. Since 1914, it's been the supply of currency that has governed...
Things To Come
12 Jun Roygbiv0
And JHK ruined your life because he then voted for Obamba ? For Jim C.
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS