Word: bottomly
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Dates: during 2000-2009
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...have been battered beyond recognition. What looked like safe stowaway spots where corporations securely tucked away assets for their employees' retirements now look like roller-coaster funds. In addition to sending shivers up the spines of employees who count on that income, the problem also threatens to haunt the bottom line at many major firms. Williams says some may be forced to consider mergers to accumulate bigger asset bases or may have to sell off strategic assets...
...bottom line: Securities analysts now expect the fourth quarter and 2009 to be much tougher on corporate America than they did just a month ago. Part of this new burst of cynicism is coming from the brutally candid earnings that guidance companies have been providing lately. "What management is saying on these [conference] calls is basically 'Life sucks,'" says Van Dijk. (He titled his investment report for the close of October "Halloween Comes Early: The Drop in Earnings Expectations Is Scarier Than Any Witch or Werewolf That Shows Up at Your Door...
...Still, central bankers around the world, in an effort to ward off the worst effects of a global economic slowdown, appear to be engaging in a rate race to the bottom. China on Oct. 29 cut its interest rates for the third time in six weeks, and the BOJ is expected to cut its key policy rate below the current 0.5% soon. Though rates in Japan are already almost nil, Tokyo's hand is to an extent being forced by Washington. That's because as U.S. rates fall, fewer investors are willing to hold U.S. dollar debt, which undermines...
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...Crimson fan, hope that it’s Penn. The Quakers have a much harder schedule than the Bears after this week, facing Princeton and Cornell on the road, along with Harvard, while Brown’s final slate consists of the disappointing Yale and Ancient Eight bottom-dwellers Dartmouth and Columbia.If the Crimson sweeps through the rest of the season—a very realistic possibility—a Penn win tomorrow would at least guarantee Harvard a share of the Ivy League championship.Prediction: Penn 14, Brown 10COLUMBIA (1-5, 1-2 Ivy) AT YALE...