Word: beared
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...stock market is up nearly 50%. Many bulls say there are hundreds of billions of dollars sitting on the sidelines that will come in, pushing the market higher. Do you agree? We've been through a secular bear market that really began in 2000. Adjusted for inflation, the S&P 500 is down 65% since then. We've been through the worst 10-year period of stock returns on the S&P in the history of American equities. But I think we saw the bottom of the secular bear market [at the March lows]. My view is that the money...
...bottom in March, does that mean better times are ahead? Just because we made the bottom of a secular bear market doesn't mean we're in a new bull market. The history is that when you make the bottom of a secular bear market, in almost every situation, there has been a huge rally followed by a long period of churning back and forth in a big, broad trading range, anywhere from three to - in the case of Japan - 18 to 20 years. As for the rally, the usual rebound rally after one of these things is 71% over...
...bear out P.T. Barnum's aphorism that there is no such thing as bad publicity. Modern right-wing parties are smart enough to know that every criticism, every scandal, every court case, every article - including this one - is liable to send visitors to their websites, which could help them recruit members and raise funds. "The Obama campaign was brilliant. We learned a lot from it," says Griffin. So much, in fact, that online antiracist campaign Hope Not Hate has turned to Blue State Digital, an Internet consultancy that worked on the Obama campaign, to mobilize activists against...
...disregarded the court's order, or significantly diluted it. "The police [are] definitely a major stakeholder in change," says Patil of CHRI, "But they're not the only ones. The media has abdicated their responsibility of highlighting police excesses. And the force of public opinion must be brought to bear down on the political class, to make the cost of not reforming the police high enough to force them to act." If the anger over the Manipur and Kashmir cases is anything to go by, the force of public opinion is getting stronger. It remains to be seen whether...
...usury laws in the 1920s, and they were circumvented one by one. Prohibitions against excessive interest started to disappear [South Dakota, for instance, loosened its laws in 1980], and once they did, the credit-card companies recognized a wonderful opportunity. They could charge as much as the market would bear, claiming that they had to charge more for bad credit risks. You can argue that's the democratization of credit, but it's in the interest of credit-card companies to keep people under the yoke. We've just swapped loan sharks for legitimate loan sharks. (See pictures of TIME...