Word: consumerized
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Taken could have been a real movie, and a good one. It spices its torture-porn premise - a man trying to save his daughter from being peddled as the tender meat in a white-slave ring - with Neeson's stolid, solid presence. But the film promises so much more than...
So where are you investing now? We were in defensive stocks all last year, and that's still the bulk of our portfolio. Johnson & Johnson, Kraft, Pfizer, Microsoft - a lot of stocks that have great positioning in the market, really strong balance sheets to weather problems, stable top line. Those...
Where do you think the consumer is going? Over the past few years, savings [as a percentage of disposable income] was flat. Now we're up to about 3%. Historically, savings has been in the 6% to 8% range, and I expect that's where we're going to get...
The problem is becoming big enough that it could actually be a blow to consumer confidence and consumer spending.
"People forced to economize by forgoing outings to restaurants will visit McDonald's to compensate, while lower-income people already frequenting McDonald's will tend to choose cheaper menu options there rather than giving it up," says Raphael Berger, deputy director of the consumer division at France's Research Center...