[blam]

Is Bernanke’s Worst Nightmare Just Around The Corner?

[Colonel Kangaroo]

We have the best congress that money can buy.

[oldbrowser]

Then the Gods of the Market tumbled, and their smooth-tongued wizards withdrew
And the hearts of the meanest were humbled and began to believe it was true
That All is not Gold that Glitters, and Two and Two make Four —
And the Gods of the Copybook Headings limped up to explain it once more.
---Kipling poem Gods of the copybook headings

[mike_9958]

“Buried in that article is a nasty little ditty — major companies are now taking 60-100 days to pay. That’s outrageous.”

Companies aren’t delaying payment because they have to. They are delaying payments so they can be paid for products before they pay suppliers for the materials. In other words they want to make the money before they spend it.

It’s just another strategy to raise the shareholder return. Companies have been in the process of doing this for a few years, at least.

[BipolarBob]

Blue Horseshoe hates Anaconda Copper.