Word: bursting
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...Depression. "If price deflation leads to asset deflation and that leads to further deterioration, then that will lead to the collapse of the economy," says JPMorgan Securities chief economist Masaaki Kanno. Deflation has periodically plagued the Japanese economy for the last 15 years, ever since a spectacular asset bubble burst in the early 1990s. One of the country's revered economic figures is Korekiyo Takahashi, a former prime minister and finance minister who is credited with reining in raging deflation in the early 1930s, sooner than the U.S. was able to fend...
Unusually for Karzai, who has in the past burst into tears or exploded with finger-pointing rage during public addresses, the speech was hurried and voiced in a near monotone. He paused only to gently chastise - in English - the late arrival of a dignitary from the United Arab Emirates who then slunk to his chair in shame. Few in the audience were surprised by his pronouncements. They were, said Sima Samar, head of Afghanistan's human-rights commission, to be expected. "But a speech is not enough. We need action," Samar said. "We need to see if his promised reforms...
...Already, utilities, retailers, hamburger joints and others are scrambling to prepare for the swarm of electric and hybrid vehicles, and several are market-testing on-site charging stations. The auto industry is doing its part, not only producing a burst of innovative vehicles, but also attacking some of the nitty-gritty issues, like the size of the plug...
...getting harder and harder to believe," Chanos said on CNBC in September. "You have to keep in mind that the last command economy that really saw this kind of growth was the old Soviet Union and what happened was the misallocation of resources into inefficient plants, dams that burst, nuclear plants that had accidents and so on and so forth, as well as the fairly large defense budget," he said. "China's heading the same...
...Unlike Chang, Pivot Capital appears to accept China's reported growth in 2009 at face value, but says the "burst in economic activity has been inflated by a front-loaded stimulus package and a surge in credit growth," two drivers that will run out of steam in 2010. "The chances of a hard landing are increasing," the report warns. "The coming slowdown in China has the potential to be a similar watershed even for world markets as the reversal of the U.S. subprime and housing boom...