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December 27, 2012
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Daily news for the equipment finance sector

  Industry News 
  • Corporate bond returns set to drop in 2013
    Corporate bonds are unlikely to yield the impressive 9.6% returns from the U.S. and 13.3% returns from Europe that they saw in 2012, writes Richard Barley, so investors may want to look to Spanish and Italian corporate bonds for high yields in the coming year. He also recommends examining subordinated European bank and insurance debt. The Wall Street Journal (12/26) LinkedInFacebookTwitterEmail this Story
  Market Trends 
  • U.S. energy use fell in first 9 months of 2012, EIA says
    Americans consumed 3% less energy in the first nine months of this year compared with the same period last year, data from the Energy Information Administration showed. Energy consumption in the transportation sector fell 1.2%, the EIA said. Fossil fuel production grew 3.14% while renewable energy production dropped 2.8%. The Hill/E2 Wire blog (12/26) LinkedInFacebookTwitterEmail this Story
  • BRIC countries face uncertain growth without reforms
    A decade of high growth for the BRIC countries -- Brazil, Russia, India and China -- is over as average gross domestic product growth is forecast to slip to 4.5% in 2012 from an annual average of 8% from 2000 to 2008. Each country faces particular challenges in modernizing to boost growth rates going forward. Russia must address corruption to attract investment and Brazil has to simplify regulations. The Wall Street Journal (12/26) LinkedInFacebookTwitterEmail this Story
  • Analysis: The global economic recovery is still shaky
    Five years have passed since the world was plunged into a financial crisis and the global economic recovery remains feeble, according to The Economist. "The euro zone's debt crisis became less acute in 2012, thanks largely to the promise by Mario Draghi, the European Central Bank's president, to do 'whatever it takes' to save the single currency," the magazine notes. "Bond yields in peripheral economies declined ... But Europe's chronic problems worsened." The Economist (free content) (12/22) LinkedInFacebookTwitterEmail this Story
  Government & Regulatory 
  • Washington readies final effort to avert "fiscal cliff"
    With President Barack Obama and members of the Senate headed back to Washington, D.C., political leaders are preparing to make a final attempt at averting the "fiscal cliff" that economists have said could return the U.S. into a recession. In a sign that there may be a way to break the standoff, Rep. John Boehner, head of the Republican-controlled House of Representatives, urged the Senate, where Democrats hold the majority, to offer a proposal that could restart movement toward a budget compromise. Reuters (12/26), Politico (Washington, D.C.) (12/26), Bloomberg (12/26), The Hill/On The Money blog (12/27), MSN/Reuters (12/27) LinkedInFacebookTwitterEmail this Story
  • Geithner says debt ceiling is days away
    Treasury Secretary Timothy Geithner said in a letter to Congress that the U.S. government's borrowing will reach the $16.4 trillion debt limit Monday, but that the Treasury plans to resort to "extraordinary measures" to allow it to legally keep borrowing. That will buy the government two months before it is unable to meet its financial obligations, Geithner said. The Washington Post (12/26) LinkedInFacebookTwitterEmail this Story
  ELFA News 
  • Plan ahead: 2013 business and professional-development calendar is online
    The calendar of events for ELFA business and professional-development conferences and workshops is online. View the calendar and save the date for meetings you wish to attend. All ELFA conferences and workshops are developed with the assistance of industry experts, ensuring the content is comprehensive and timely. You may also view details of individual programs by going to a particular month and clicking on the conference or workshop name. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
People who lean on logic and philosophy and rational exposition end by starving the best part of the mind."
--William Butler Yeats,
Irish poet and playwright


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