Word: boom
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Dates: during 2000-2009
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...Kong property bubble of the 1990s, euphoria over Chinese red chips in 1996-97 and the mad rise of Thai banking stocks before the carnage of the 1997-98 Asian financial crisis. Today, as always, there are pockets of mania that could end in mayhem, from the Shanghai property boom to delirious foreign investment in overheated Indian midcap stocks...
These days, as usual, Wadhwaney thinks the herd is heading in the wrong direction. For example, although he grew up in Bombay, the center of India's boom, his fund doesn't own a single Indian stock. "People are paying ridiculous prices on promises of the future," he says. Nobody can reliably predict which way the stock market will move or what a company's earnings will be, he argues, so the key is to focus on the present. That means appraising a company's existing assets and buying the stock only if those assets are grossly undervalued. Typically...
...BLOG BOOM Every day thousands of new blogs appear online. Technorati now tracks 1.5 billion links on 17.2 million sites...
...that is the tree. A group of Sri Lankan monks in golden robes gather and sit down before it. They recite from their prayer books, and their words boom around the temple complex over loudspeakers: "Buddham Sharanam Gacchami"--I go for refuge to the Buddha...
...Before Katrina this area was hardly forgotten. The Mississippi Coast had experienced an economic boom in the past several years. Real estate values were skyrocketing and major casino chains from Las Vegas were building resorts along the water. All of that is gone. The rich white vacationers from New Orleans have left. What remains is a desperate population of working class folk trying to piece their lives back together...