Word: bullish
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...Still, the bullish investment is offset by common developing-country woes. Infrastructure hasn't kept pace with growth; electricity, telecommunications and port fees are relatively costly. Last summer, a drought in the north reduced hydroelectric generation and the government was forced to implement rolling power outages. Vietnam still hasn't developed support industries to supply parts and services to factories, forcing them to import parts and expertise. Meanwhile, restrictive labor laws make it virtually impossible to fire unproductive workers, and managers in foreign-owned factories complain about pervasive government corruption and interference. In January, Hanoi abruptly decreed that the minimum...
...tide may be ebbing. Xie says "liquidity has slowed sharply" in the world's major 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...
...software; free instant messaging and online voice communication; a $1 billion investment in America Online. (AOL, like this magazine, is owned by Time Warner.) In the past year or so, Google Inc. has doubled in size to about 6,000 employees to handle all the new work. Even the bullish Rashtchy acknowledges that "Google is a black box for most people...
...humiliation its country's troops suffered almost 10 years ago when they were taken hostage and then had to stand by as Muslims were herded out of Srebrenica to a massacre. Other European allies are nervous about what they may have let themselves in for during the bullish period of a year ago. Then it seemed like offering to help in Afghanistan would be a good way to mend fences with the U.S. over Iraq. Nato has been running the International Security Assistance Force (isaf) since 2003. The plan now is to boost isaf to 15,000 troops and allow...
...True) Eighty percent of the time, a win by an old-NFL team has meant a bullish market. If it's a former AFL team? Buy gold...