The seasonally adjusted Credit Managers’ Index (CMI) rose another 0.5% in March after rising by 2.5% in February. This two‐month increase broke a lengthy string of negative readings and matches up well with other data that has recently emerged—a slight reversal of the downward trend in manufacturing, a small boost in retail sales and a [...]
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In November, U.S. exports grew by more than 14% year-to-date to a hefty $1.7 trillion. The global marketplace has kept the nation afloat, supporting 13.7% of gross domestic product in the third quarter alone. The usual suspects like Canada, Mexico, China and Japan remain the hungriest markets for U.S. goods, but potential free trade partners [...]
Recent hearings in the House Judiciary Committee have indicated that Congress may be willing to open up the Bankruptcy Code in their efforts to shorten the current economic crisis. With the recent passage of "cram down" mortgage provisions that place more power in the hands of bankruptcy judges, as well as a recent hearing [...]
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