Word: analysts
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...just old sectarian politics that's driving the upsurge in violence. In fact, according to some commentators, ideology has little to do with it. "There is a direct link between these activities and organized crime both North and South [of the Irish border]", says Tom Conlan, security analyst with The Irish Times, who claims the weapons used by the Real IRA to murder the two British soldiers in County Antrim last month were supplied by Dublin drug gangs. "[The dissidents] are cynically manipulating latent republican feeling to cover their own criminal activities and to sustain them...
...that the tug of recession. "Our core view is that banks' [stocks] will not bottom until nonperforming [loan] growth decelerates," opined Goldman Sachs analyst Richard Ramsden in a report to clients on Friday. "All of the data points we track in the first quarter point to an acceleration." Banks are expected to report their results for the first few months of the year in the next two weeks. And despite positive statements from bank CEOs in recent weeks, earnings at nearly all of the nation's largest banks will likely have fallen in the first quarter versus one year...
...order to sell the loans banks will have to recognize losses that could run as high as $200 billion for the sector in general. "The gap between bank marks on these distressed [loans] and their economic value appears to be too wide to be bridged," says Morgan Stanley analyst Richard Berner of the government program...
...choked off. (Showroom traffic is increasing, notes Summit Auto's Buscher; it's financing that continues to lag.) But that also means that we'll be readier to buy when credit starts to loosen. Even if this recession lingers longer than expected, results will pick up substantially in 2011. Analyst Luedeman predicts that sales in North America will bottom out at 8.4 million units this year (others say slightly higher), then jump to 10.2 million in 2010, a 21% improvement. And by 2012 the industry will be in a full-fledged boomlet, at 13.8 million units annually...
...therefore a rival to Pakistan's strategic interests. The Obama Administration's exit strategy is unlikely to change that outlook. As long as Pakistan remains in conflict with India, the country's military establishment will be reluctant to "put all its eggs in the American basket," as a Pakistani analyst put it. (Read "Avoiding a Quagmire in Afghanistan...