Word: bullish
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Bernstein: Our U.S. economist, Dave Rosenberg, is not the most bullish economist you'll meet - he's still thinking the GDP's going to continue to decelerate pretty much through 2009 followed, maybe, by slightly better growth in 2010. When the recovery does come it will be somewhat anemic relative to past recoveries. So, he's still looking for what people call a saucer-shaped recovery as opposed to the V-shaped recovery that a lot of people like to talk about...
...some people backing him up. Despite the recent downturn, analysts remain bullish on the prospects of the China market. Lin says the car market will begin to pick up again in the second half of 2009, bolstered by the giant government economic stimulus packages that have recently been laid out in Beijing. That money, he argues, will rebuild confidence among nervous consumers. "In the long term, the China market is still quite promising," Lin says. Though that is undoubtedly true, the road getting there will be a bumpy...
...take his criticisms of the field seriously,” but he also fundamentally disagrees with Everett’s conclusions. Everett addresses these dissenting opinions throughout “Don’t Sleep, There Are Snakes” with a voice that is sometimes conciliatory, more often bullish, but always attuned. And while he argues his points convincingly and in very straightforward terms, it is important to remember that this is a debate that is far from over. “Don’t Sleep, There Are Snakes” is just one side of this dispute...
...indeed, it was news of the recession that sent stock traders into a frenzy of buying on Friday, there may be more bullish boosts to come in the weeks and months ahead. A new forecast by the Paris-based Organization for Economic Cooperation and Development (OECD) predicts a 0.3% decline of its members' economies next year. That, the OECD forecasts, will be led by a 1% decline in growth in the U.S., a 0.5% contraction in Europe, and 0.1% downturn in Japan. Evidence to back that projection came with Friday's announcement that economic growth across the euro-zone decreased...
...says Davy's White. On Grafton Street, Weir & Sons is among the luckier ones. It owns its black-and-gold-fronted store, so at least it doesn't have to worry about rent. And its prime location makes the shop popular with tourists. McDowell, for all his worries, remains bullish about Ireland's long-term prospects. "We're a very small, very young country," he says. "It doesn't take much to get it going again...