Word: almosts
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...From the middle of last year until a month or so ago, the interpretation of almost all economic information was negative because the data was unidirectional. That is changing. There are sign posts which point in two directions. It is likely that neither road sign is entirely right. In many cases both are wrong and making predictions about how the recession is going actually becomes more difficult and not less...
...that it would be fair to guess that it has less than a 50/50 chance of succeeding. The toxic assets that may be bought from financial company balance sheets are only a part of the problem that banks face. Consumer, commercial real estate, and business loan defaults are almost certain to undermine money center results for the rest of this year...
...beginning of the month because it had all of the bad news of the next two years priced into it. That is, at least, what the current buyers are saying. All of the high unemployment and poor corporate numbers had been taken into account at the bottom. Under almost any set of circumstances, history would support this analysis. A recession lasts four quarters and then turns into a recovery. (See pictures of TIME's Wall Street covers...
...remarkable things about Waiting for Godot is that the main characters know very little about the man that they say they are waiting for. He never shows up. We actually know almost nothing about this recession, since it doesn't seem to resemble anything that the American economy has experienced before...
...very wrong very quickly. Last summer, Iraqi security forces and peshmerga almost came to blows in the disputed area of Khanaqin, in Diyala province, after Iraqi troops tried to enter the mixed town. There are dozens of similarly contested zones in Nineveh. "It would be an ugly fight," says Colonel Brian Vines, the U.S. Army liaison to the Nineveh Operations Command, which oversees the province's local and national police as well as army units. "I think that in some places they're going to have to forcibly move [Kurds] out of these disputed zones...