Word: boom
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...June. Lehman Brothers sayeth the data "will offer little hope of a recovery in investment spending soon." (Somebody tell the White House.) The Brothers Lehman likewise see bad things from new home sales: a retreat of 1.3 percent in July. Is this the end of the consumer-bolstering housing boom, or merely a healthful moderation of same...
...left today. They've spent the past year hand-tooling and assembling the 92 minuscule components that make up a Zenith Marine Chronometer - a complex piece of micro-engineering that is as technically obsolete as the manual typewriter. Yet nowadays, that kind of obsolescence fetches premium prices. "The boom today is in complicated mechanical watches for the luxury market," Antoniotti explains...
...NASDAQ-cracking spring of 2000 taught us anything, it?s that it?s perfectly safe, even smart, to use the words "boom" and "bubble" interchangeably. And when it comes to the housing boom, well, the pins are out, and ready to poke a hole in the whole thing...
...Wall Street Journal wrote that a home-appraisal process dominated by mortgage brokers working on commission instead of banks (who actually loan the money) may be inflating home prices beyond their worth. In Barron?s, Alan Abelson devoted his weekly column to the possibility of "a jerrybuilt boom," and called the housing frenzy "the last great asset bubble" - one that may be about to pop. And TIME?s own Dan Kadlec writes this week that housing?s traditional year-long lag behind a falling stock market is about to kick...
...term interest rates have crept back up and brought mortgage rates with them, in spite of the Fed chairman?s rate-slashing leadership from the short-term side. And if refinancing slows down demand, home prices - especially at their present giddy heights - could drop like a brick. Bye bye, boom...