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November 9, 2012
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Daily news for the equipment finance sector

  Industry News 
  Market Trends 
  • U.S. exports rise; trade deficit sharply narrows
    America's trade deficit unexpectedly dropped 5.1%, to $41.5 billion, in September, as exports rose 3.1%, to $187 billion, marking the biggest gain since July 2011, the Commerce Department said. The increase in exports was broad-based, ranging from refined petroleum to aircraft and soybeans. Economists surveyed by Bloomberg had predicted the trade deficit would expand to $45 billion. Bloomberg (11/8), Medill Reports (Northwestern University) (11/8) LinkedInFacebookTwitterEmail this Story
  • European central banks keep rates steady
    The European Central Bank and other central banks in the region declined to lower interest rates Thursday. However, comments from ECB President Mario Draghi and others indicate that, given the dour economic outlook, looser monetary policy might be in store next year. CNNMoney (11/8), The Independent (London) (11/9) LinkedInFacebookTwitterEmail this Story
  Government & Regulatory 
  • CBO: "Fiscal cliff" will trigger recession if left unaddressed
    The Congressional Budget Office has issued a stark warning that failure to avert the "fiscal cliff" will send the U.S. into a recession and drive joblessness up to 9.1% by the end of 2013. The nonpartisan CBO said the combined effects of higher taxes and reduced federal spending would cause the economy to contract by 0.5% next year and warned that the U.S. can't afford to allow its debt burden to continue growing. CNNMoney (11/8), Politico (Washington, D.C.) (11/8), Forbes (11/8) LinkedInFacebookTwitterEmail this Story
  ELFA Member News 
  ELFA News 
  • Report identifies industry IT trends
    The Business Technology Performance Index, conducted for ELFA by Capgemini's asset-finance practice, addresses the state of the industry from a technology perspective. It serves as the industry benchmark for information technology, operations direction and spending, and it represents a summary of survey responses and key findings. How is the industry focusing its operations and technology resources? According to the 2012 index, key objectives for which companies are striving include the flexibility to deliver innovative solutions, an accelerated time to market and efficiency in operational delivery. Download the full report. LinkedInFacebookTwitterEmail this Story
  • Be your best from your desk: 50% discount on ELFA Academy online courses!
    Learning has never been easier or more affordable! Sign up for Fundamentals of Equipment Leasing and Finance, Financial Statement Analysis OR Should You Do the Deal: Case Studies in Equipment Leasing and Finance and receive half-off registration!

    Visit the ELFA Academy. To receive the discount on the Fundamentals course, enter discount code ELFAPROMO11. To receive the discount on the Financial Statement Analysis or the Should You Do the Deal course, enter discount code ELFACREDIT.

    For questions, contact Alexa Carnibella at acarnibella@elfaonline.org or (202) 238-3416. LinkedInFacebookTwitterEmail this Story
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