Word: consumerized
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As a result, it's unlikely that any of the $1 trillion Obama wants for his "bad bank" will be turned into credit that helps revive business and consumer spending. The main reason is that the North-American economy might be stuck in a classic liquidity trap, first witnessed during...
For Chinalco, a huge consumer of iron ore, the deal provides potential pricing power over Rio, one of the world's three largest ore producers. Every year, steel and aluminum producers worldwide negotiate with miners over new contracts. For the past few years the mining companies have driven up prices...
A national bank is almost certain to follow practices which are unsound, which would not make it terribly different from the large firms that helped get the economy into trouble. Bank managements bought toxic assets two or three years ago. A government-controlled bank might offer mortgages at extremely low...
In 2008, Americans spent $17 billion expressing their love on Valentine’s Day; averaging $123 per consumer, this makes Valentine’s Day the third largest “spending season” of the year. Following the dismally low spending last holiday season, in which sales...
Even increased Valentine’s Day spending might not do the job, however, and Easter, the next largest spending day, doesn’t come until April 12. We need a new, Hallmark-based occasion to fiscally demonstrate our love for significant others and bump up consumer spending in...