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What Do Big Bank Earnings Reports Say About Economy?
Last week, three of the largest banks (JP Morgan Chase, Bank of America and Wells Fargo) released their Q3 earnings reports. In them, we see a glimpse of what's in store for the economy in the coming months. "Let's do the numbers..." All three banks significantly...
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Do You Have a Love-Hate Relationship with Your Credit Reports?
Almost every time I ask a business owner or financial manager about their credit process, I hear a story about how much they dislike their credit reports and credit reporting service. The way they describe the relationship, it's as if they need to take a shower after...
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Auto Industry Update: Risk is Increasing
The auto industry is a big part of our economy here in Tennessee and in the southeastern US in general. and there have been some developments that aren't necessarily new but a lot of people don't seem to be aware of them so this is an update on the auto industry. For...
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Boulders in Your Cashflow
During a recent hiking trip, I crossed a stream that was full of huge boulders (see the photo). The boulders were the size of my house! As I crossed the stream, I realized that business cashflow is like the stream... when it flows without interruption, everything is...
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How to Implement Your New Credit Insurance Policy
Every company that begins to use a credit insurance policy has a few steps to take to fully implement that policy to begin to utilize it fully. Here's how. Quoting The first step in using credit insurance is to complete an application and get a quote. Part of the...
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Coping with Tariffs
International business has become more risky in recent months as tariffs have impacted companies in many industries. Buying and selling between the US, China, India and other countries has gotten more expensive and in some cases is causing business owners and...
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Will Credit Insurance Cover Foreign Accounts?
Can credit insurance cover foreign accounts or only domestic? I recently wrote about how coverage decisions are made (How Credit Insurance Coverage Decisions Are Made), but what if your customer is outside the US? Can those sales be protected too? Why insure foreign...
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How will the coming economic slowdown affect us?
I am not an economist and as the hotel commercial says, "I didn't stay at a Holiday Inn Express" either! With that disclaimer out of the way, more and more evidence of an economic slowdown is creeping into conversations these last few months. Bankers, economists,...
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Hidden Risks Brought Down PG&E, What Risks Do You Face?
Utilities have always been one of the safest investments around. A few weeks ago, PG&E one of the largest electric and gas utilities in the US, filed for bankruptcy protection because of $30 billion in liability for wildfires in 2017 and 2018 in northern...
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Are you protected from “Black Swans”?
An article in CFO Magazine caught my eye recently. It describes how companies are usually unprotected against "Black Swans"... risks that rarely happen but cause extreme pain when they do. Nothing is more true than with large credit exposures in business. "There’s...
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