At the request of several Members of Congress, the Federal Trade Commission is further delaying enforcement of the “Red Flags” Rule through December 31, 2010, while Congress considers legislation that would affect the scope of entities covered by the Rule. Today’s announcement and the release of an Enforcement Policy Statement do not affect other federal [...]
The most striking aspect of this month’s Credit Managers’ Index (CMI), issued by the National Associationof Credit Management (NACM), is that sales in both the manufacturing and service sectors jumped—and ata pace not seen in over a year. This reinforces the news from consumer demand studies showing that spending was up last month. The increase [...]
The growth manifested in January has been interrupted. However, the drop in activity in February was not enough to plunge the Credit Managers’ Index (CMI) back into negative territory. In fact, a marginal gain moved the combined index from 55.1 to 55.2 and was somewhat anticipated due to the inspiring recent expansion in the manufacturing [...]
The latest data are starting to turn in a decidedly positive direction; GDP numbers are the best in over a year and a half, suggesting that the recession is in clear retreat. After a mild recovery in the third quarter, numbers jumped 5.8% in the fourth. The bulk of this growth is attributed to manufacturers starting to replenish [...]
The reports on the economy have been mildly encouraging at year’s end and now everyone’s attention is turned to 2010—the year that is supposed to provide the anticipated recovery. The December CMI matched the mood of the economy as a whole—essentially flat, but showing some mild progress. The most important aspect of the report is [...]
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