The “big” win: In a decision that helps balance Subchapter V’s pro-debtor provisions, the U.S. Court of Appeals for the Fifth Circuit recently held that the Bankruptcy Code’s exceptions to discharge apply to a corporate Subchapter V debtor with a…
Time to revisit the fable of Henny Penny? This tale of fear mongering is better known in the US as the story of Chicken Little. A quick review of the plot may be in order as we examine the prospects…
There is always something happening in the economy guaranteed to make a fool of economists. After all, the only function of economic forecasting is to make astrology look respectable. Most of last year the predictions were some version of gloom…
Q3 Real GDP estimates showed surprising growth of 4.9%, largely on the back of stable consumer spending, strong nonresidential construction, some mild inventory building activity, and government spending. Forecasts for next year show a weaker Q1 and Q2 potentially. Manufacturing…
There has been a lot of ferment in the oil and gas sector of late. That was before the outbreak of open war between Israel and the extreme militants in Hamas. Within hours the per barrel price soared by over…
The dominant story in the vehicle sector at the moment is the UAW strike and as one would expect the situation changes by the hour. The strike that has been called affects Ford, General Motors and Stellantis (Chrysler). This is…
Thus far this year the US economy has managed to dodge the expected recession and there has been many a sigh of relief as the worst of the predictions have not come to pass. For those that have been paying…
I suppose it is time to retrieve my reputation as a dismal scientist. In previous reports i have been uncharacteristically upbeat as i discussed the fact that we kept managing to miss recession but this is not to say that…
“Mixed” – The Economist’s Version of “Partly Cloudy” What does it mean when data is described as mixed? This has to be one of the most common economic catch-phrases and seems to say, “we have no idea what is going…
There are several trends that affect the credit manager. As result there are few economic indicators that do not matter in one form or another. Lately there has been a little something for the optimist and the pessimist. Why are…
