Word: booms
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...been on a tear. In Asia, for example, the Tokyo TOPIX stock index hit a 14-year high last week as a bull run in once-dormant Japan gathered momentum; Bombay's main equity index hit an all-time high in trading early Friday amid India's continuing economic boom; and Hong Kong shares reached a five-year high while indices in Singapore, Jakarta and Sydney set new records. And though stocks in Asia, in particular, are on fire, they are not alone. From Germany to Venezuela to South Africa, equity markets in both mature and emerging markets have moved...
...economies, and investors who are still bullish had better be careful. "The last time [sentiment] was like this was in 2000," says Xie, shortly before the tech bubble was pricked in part by interest-rate hikes. Likewise, Xie expects rising rates to put an end to today's stock boom. Others aren't so bearish, but concede that higher rates may at least temper equities' recent giddy gains. Citigroup last month lowered its expectations for global stock returns for the next 12 months to a range of 4% to 8%?not bad, but down from its previous forecast...
...that's part of the point. Premium seats are the theaters' attempt to regain some of the revenue for hot shows that would otherwise be flowing to scalpers and ticket agents. And it's one small reason that Broadway, after years of crying its woes, is enjoying an improbable boom. Box-office grosses in 2005 were up 5% over 2004--and not all of that is due to rising ticket prices. Seats were filled at 80.4% of capacity, the highest rate since 1997. For the past 12 weeks--usually the slow late-winter period--that rose to 84.6%, the highest...
...doesn't seem so bad in Peru these days. The country is experiencing its longest economic expansion in modern history - 57 months - and inflation is near 1%, while exports have tripled to $18 billion in five years. Yet a majority of Peruvians are demanding radical change because the boom has not trickled down from the 5% of population that controls most of its wealth...
Today, when Harvard students hear reggaeton’s distinctive Latin-Caribbean BOOM-ch-boom-chk echoing from a car radio or the speakers of Currier TLR, there’s a good chance they’re nodding their heads to the work of two superproducers who used to work just across campus in McKinlock Hall...