September 26 2018 • Dan North
As expected the Federal Reserve raised the Fed Funds rate from a range of 1.75%-2.0% to a range of 2.0%-2.25%. The “dot plot” showed that 12 of 16 FOMC members now believe that the Fed Funds rate at the end of 2018 will be in the range of 2.25%-2.50%, strongly implying that another hike in December is very likely.
August 30 2018 • Dan North
In addition to yesterday’s upgrade to GDP, the same report showed a sharp uptick in y/y profits to 16.1%, the most in 6.5 yrs. Apparently the corporate tax cut helped because taxes have now fallen a steep 33% y/y, the most in 9.5 years.
August 06 2018 • Euler Hermes
Wouldn’t it be better to avoid a non-payment situation in the first place? Start overhauling your organization’s AR risk position with these solutions. Move from reaction to pro-action like never before.
July 09 2018 • Euler Hermes
What would happen if you lost your biggest client or if your industry gets hit with an economic downturn? Don't risk your business for the sake of comfort.
June 12 2018 • Euler Hermes
Self-insuring may come without a direct cost, but remember, unpaid invoices weaken your cash flow and those additional costs will add up quickly. How many opportunities are you missing by self-insuring?
May 07 2018 • Euler Hermes
Suffering a non-payment event—whether it’s your first, the most recent, or the most significant—can feel overwhelming. Damage to companies is never solved overnight. Restoring optimism and trust is an ongoing challenge.
April 18 2018 • Dan North
Recent U.S. data depict a robust economy. The consumer finally returned as retail sales rose for the first time in four months, gaining +0.6% m/m to a +4.5% y/y rate. Auto sales rose +2.0% m/m after four straight months of declines which were caused by hurricane replacement sales in the fall. Core retail sales rose +0.4% m/m, the first increase in four months to a firm +3.8% y/y.
March 30 2018 • Dan North
The economy looked stronger in Q4-17 than had been previously estimated, with GDP being revised up from 2.5% to 2.9%, and consumption being revised up from 3.8% to 4.0%. Good news.
December 18 2017 • Euler Hermes
Cash flow is the lifeblood of any business and a key measure to track for a healthy cash flow is Days Sales Outstanding (DSO). DSO represents the number of days it takes for a company to convert its accounts receivables into cash. The sooner the company gets that cash, the stronger its cash flow and financial position is likely to be.
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Almost thirty years after the Washington Consensus became the norm for international policy-making, and ten years after the global financial crisis, it looks like we’re going back in time. History- and science- proof policy benchmarks (and sheer common sense) are being overruled or blatantly questioned tweet after tweet.
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Turkey’s currency crisis became full-fledged in August as US sanctions on the country unnerved investors who were already concerned about weak macro funda-mentals. The TRY lost -24% vs. the USD in that month.
The Monetary Council (MC) of Hungary kept its key policy interest rate (3-month deposit rate; +0.9%) and the overnight deposit rate (-0.15%) again unchanged this week despite market concerns about rising inflation.
Consumer price index (CPI) growth slowed down to 2.2% y/y in September from 2.4% in August.