Word: bustingly
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...59th quarter and then into its 60th and 61st quarter and beyond ... Inflation has fallen from 3% to 2.8%, and will fall further this year to 2% ... Looking ahead to 2008 and 2009, inflation will also be on target. And we will never return to the old boom and bust." Thus Gordon Brown, as Britain's Chancellor of the Exchequer, in his Budget statement only last year. No Chancellor since the war has quite so disastrously misread the economic situation, or so fundamentally misunderstood the inescapable nature of market economies - namely, that the greater the binge, the greater the hangover...
...above all, everyone - banks, borrowers, regulators, central bankers and politicians - must be ever mindful that there is no such thing as an end to boom and bust...
...current real estate crisis different from the RE bust of the early 1990s? 1) It's bigger and more national--although it is worst in California, the Southwest, and Florida...
...Street investment bank as “a throwback to a bygone era,” a place with a “cigar-chomping, suspender-wearing culture where taking risks was rewarded.” Some Harvard researchers may have found the link between the culture and the bust. Men with higher testosterone levels are more likely to opt for high-risk investments, according to a study by a Harvard anthropologist and a visiting economist. The researchers gave 98 male Harvard undergraduates $250 and asked them to invest the money as they saw fit. If participants made a successful...
Months after Tatum O'Neal drug bust, RYAN O'NEAL AND SON arrested for meth possession. Here comes the reality show...