NACM's CMI Forecasts Trouble Ahead in 2023

🎙At the start of 2022, economic activity was bursting at the seams as businesses recovered from the depths of the pandemic. But roughly one year later, NACM's Credit Managers' Index is painting a very different picture of the U.S. economy … and credit professionals sense trouble ahead.Hear from Amy Crews Cutts in today's episode of Extra Credit #po...
Continue reading
0
  776 Hits
  0 Comments
Tags:
nacmblog
Tweet
776 Hits
0 Comments

Construction Outlook Remains Positive for 2023 Despite Challenges

Like all other industries, construction has grappled with the ongoing effects of the COVID-19 pandemic, inflation and supply chain issues. "As many industries brace for an economic downturn heading into the new year, the construction industry is tasked with managing increased lead times and increasing costs from material prices to labor, while also...
Continue reading
0
  1018 Hits
  0 Comments
Tags:
nacmblog
Tweet
1018 Hits
0 Comments

US Economy Ends 2022 on Mixed Note

The U.S. economy grew faster than initially thought in Q3 at 3.2% year over year, up from the 2.9% estimate—sparking fears that the Fed could raise interest rates more than expected in 2023. However, "The final GDP report is one of most backward-looking readings the government releases, looking at the state of the economy nearly three months a...
Continue reading
0
  783 Hits
  0 Comments
Tags:
nacmblog
Tweet
783 Hits
0 Comments

Creditors Beware of Subchapter V: Podcast

🎙 On today's episode of the Extra Credit #podcast, we take a look at how Subchapter V bankruptcy filings dilute a creditor's rights.📣 Hear advice from the experts, Jason Torf and Lynnette Warman! 
0
  729 Hits
  0 Comments
Tags:
nacmblog
Tweet
729 Hits
0 Comments

Political Risk Increases in Egypt Despite IMF Financial Support

The new International Monetary Fund (IMF) executive board approved a 46-month, $3 billion financial support package for Egypt, saying it "will catalyze additional funding of about $14 billion," per Reuters. This financial arrangement, Extended Fund Facility (EFF), aims to reduce government debt to less than 80% of gross domestic product (GDP) in th...
Continue reading
0
  892 Hits
  0 Comments
Tags:
nacmblog
Tweet
892 Hits
0 Comments

Bank of Japan Makes Surprise Monetary Policy Change

Japan's unexpected turn on its monetary policy has rattled global markets as the Bank of Japan (BoJ) loosened its 10-year yield curve cap. "The Bank of Japan caught markets off guard by tweaking its yield controls to allow the yield on its 10-year JGB to move 0.5% either side of its 0% target, up from 0.25% previously, in a move aimed at cushioning...
Continue reading
0
  875 Hits
  0 Comments
Tags:
nacmblog
Tweet
875 Hits
0 Comments

Mashup: Communication, Payment Portals and Supply Chains

 ðŸŽ™ On this week's episode of Extra Credit, we have a mashup of three important topics!📣 How best to communicate the urgency of payment to customers with Yazmin Yepez. ðŸ’» Tips for easing the pain of customer payment portals with Kimberly Tatum. ðŸš¢ Why knowledge of the supply chain is no longer optional in B2B credit with Shaun Papperman...
Continue reading
0
  721 Hits
  0 Comments
Tags:
nacmblog
Tweet
721 Hits
0 Comments

Global Trade is in for a Rough 2023 After Record Highs in 2022

Despite high inflation and global supply chain issues, trade rose significantly in 2022. According to a report released Tuesday by the United Nations Conference on Trade and Development (UNCTAD), the value of global trade is expected rise 12% to almost $32 trillion this year. The significant rise in trade was due to strong growth in the first ...
Continue reading
0
  805 Hits
  0 Comments
Tags:
nacmblog
Tweet
805 Hits
0 Comments

Inflation is Slowing, But Not Enough for Fed

The Consumer Price Index (CPI) report revealed a 7.1% rise in prices year over year in November, down from 7.7% in October and the 9.1% peak in June, according to the U.S. Bureau of Labor Statistics. This is the fifth straight month prices have declined, but experts are hesitant to start celebrating too soon."Even if inflation is waning, the global...
Continue reading
0
  1028 Hits
  0 Comments
Tags:
nacmblog
Tweet
1028 Hits
0 Comments

Transform into a Strategic Leader

 ðŸ¥‡ Credit professionals make dozens if not hundreds of decisions each day—decisions that play a massive role in the success or downfall of their company. But in order to get recognition from the C-Suite, creditors must adopt a strategic mindset.🎙 Hear from Nancy Watson-Pistole CCE ICCE and Jason L Mott, CCE about how to start changing upper ma...
Continue reading
0
  786 Hits
  0 Comments
Tags:
nacmblog
Tweet
786 Hits
0 Comments

China Loosens Anti-COVID Regulations After Protests

China eased COVID-19 regulations and virus test requirements for some public places on Wednesday, according to AP News. China's strong zero-COVID stance, which disrupted manufacturing and global trade, sparked protests last week."People with mild cases will be allowed for the first time to isolate at home, the National Health Commission announced, ...
Continue reading
0
  826 Hits
  0 Comments
Tags:
nacmblog
Tweet
826 Hits
0 Comments

November's Strong Job Report is Bad News for the Economy

Despite high interest rates and recession concerns, the hiring market remains strong—with up to 263,000 new jobs added in November and a steady unemployment rate of 3.7%, according to a report from the Bureau of Labor Statistics.The results of the latest job report make the Fed's fight against inflation more challenging. The latest data could force...
Continue reading
0
  858 Hits
  0 Comments
Tags:
nacmblog
Tweet
858 Hits
0 Comments

November CMI Falls to New Low as Downward Trend Continues

📉 The November NACM Credit Managers' Index fell once again, this time by 1.2 points to a reading of 52.0, its lowest since May 2020 and the lowest non-recession, non-pandemic value recorded.🎙 Hear from NACM Economist Amy Crews Cutts about her latest recession outlooks. The latest episode for Extra Credit can be found here.
0
  780 Hits
  0 Comments
Tags:
nacmblog
Tweet
780 Hits
0 Comments

Biden Calls on Congress to Prevent Rail Strike

President Joe Biden called on Congress to quickly intervene and prevent a rail strike in an effort to shield the U.S. economy. The House moved toward approving legislation on Wednesday to keep the rails running by imposing a labor agreement between workers and railroads.The bill would force rail companies and workers to abide by the tentative agree...
Continue reading
0
  1171 Hits
  0 Comments
Tags:
nacmblog
Tweet
1171 Hits
0 Comments

Fed Expected to Continue Rate Hikes, Recession Fears Grow

Even with some easing in recent months, inflation remains well above the Federal Reserve's target range of 2%. The Fed has aggressively raised rates this year and they don't plan to let off the gas any time soon. "Two of the Fed's regional presidents, John Williams and James Bullard, warned on Monday that the inflation threat hasn't faded," reads a...
Continue reading
0
  1080 Hits
  0 Comments
Tags:
nacmblog
Tweet
1080 Hits
0 Comments

Black Friday Sales Will Reveal State of US Economy

A big question about this year's Black Friday remains: will sales surpass last year as consumers search for deals or will sales plummet amid red hot inflation? "Industry groups are predicting another record year of retail sales, with the National Retail Federation forecasting a jump of 6% to 8% over the $890 billion consumers spent online and in st...
Continue reading
0
  1147 Hits
  0 Comments
Tags:
nacmblog
Tweet
1147 Hits
0 Comments

A National Rail Strike is Closer than Ever

​The largest rail union, SMART-TD, voted against a tentative agreement on Monday, once again raising the likelihood of a nationwide rail strike. The Brotherhood of Maintenance of Way Employes (BMWED) is set to strike on Dec. 5, but said it would extend the cooling-off period if larger unions voted not to ratify the deal, according to CNBC.Sick time...
Continue reading
0
  1208 Hits
  0 Comments
Tags:
nacmblog
Tweet
1208 Hits
0 Comments

Top Qualities to Look for When Hiring Credit Staff

🎤The latest episode of Extra Credit is ready for listening! Hear about what qualities credit professionals look for in new credit staff.
0
  770 Hits
  0 Comments
Tags:
nacmblog
Tweet
770 Hits
0 Comments

Third Rail Union Rejects Deal, Strike Threat Returns

A third U.S. rail union voted against a national contract made in September, and continues negotiating to reach a deal, according to Reuters. Labor unions are bargaining to improve sick leave and attendance policies. Two of the largest unions have yet to announce their votes.Rail workers and railroads have until Dec. 9 to come to an agreement or th...
Continue reading
0
  1570 Hits
  0 Comments
Tags:
nacmblog
Tweet
1570 Hits
0 Comments

Inflation Pressures Ease in the US

Both consumer and wholesale prices eased in October, according to the Bureau of Labor Statistics. The Consumer Price Index slowed to 7.7% year over year, down from 8.2% last month, resulting in Wall Street's largest boost since 2020, per CNN Business. And prices at the wholesale level rose 8% year over year, down from 8.4% in September—the fourth s...
Continue reading
0
  954 Hits
  0 Comments
Tags:
nacmblog
Tweet
954 Hits
0 Comments
       
1 2 3 4 5 6 7 8 9 10