Chart usGOLD   Chart usSILVER  
 
Food for thought
Bull markets, like civilizations, are born stoic and die epicurean
Bob Hoye  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1304.660.84
Silver 20.580.04
Platinum 1483.500.25
Palladium 878.300.55
WORLD MARKETS
DOWJONES 1698326
NASDAQ 4445-5
NIKKEI 1552972
ASX 5570-4
CAC 40 434514
DAX 9598-46
HUI 2432
XAU 1021
CURRENCIES (€)
AUS $ 1.4288
CAN $ 1.4509
US $ 1.3438
GBP (£) 0.7913
Sw Fr 1.2149
YEN 136.8710
CURRENCIES ($)
AUS $ 1.0633
CAN $ 1.0800
Euro 0.7442
GBP (£) 0.5889
Sw Fr 0.9040
YEN 101.8540
RATIOS & INDEXES
Gold / Silver63.39
Gold / Oil12.84
Dowjones / Gold13.02
COMMODITIES
Copper 3.240.00
WTI Oil 101.57-0.52
Nat. Gas 3.76-0.03
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Even More Fodder for the Bulls?
Published : May 01st, 2012
264 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 ) Print article
 
    Comments    
Tweet
Keywords :   Recovery | Robust |

 

 

 

 


 

(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 

 

 

 

Tweet
Rate :Average note :0 (0 vote)View Top rated
Previous article by
Michael J. Panzner
All articles by
Michael J. Panzner
Next article by
Michael J. Panzner
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
MOST READ
TOP RATED
MOST COMMENTED
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Michael J. Panzner

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.
Michael J. Panzner ArchiveWebsiteSubscribe to his services
Most recent articles by Michael J. Panzner
2/18/2013
2/16/2013
2/13/2013
1/7/2013
12/19/2012
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer