Word: booming
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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...
...magic wand, is transforming places all along the Buddhist circuit. Kushinagar, in Uttar Pradesh, appears at first glance to be another no-hope town: many of the sugar mills that employed the townspeople have recently closed, and unemployment is rampant. Yet the town is seeing a real estate boom, roads are markedly better than anywhere around and children go to well-maintained schools. Kushinagar is where the Buddha died, and pilgrims come to see the gilded statue that commemorates the spot where the Buddha attained nirvana as well as a brick monument built in the field where he was cremated...