Word: consumerized
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Still, the slowdown seems certain to take a toll on the economy. Housing activity accounted for a full percentage point of last year's 3.5% GDP growth. Psychologically, rising home prices have made homeowners feel wealthier--just as stock prices did in the dotcom boom--boosting consumer confidence and spending...
For the consumer, the problem with buying a casket is that nobody wants to do so until the need arises--and by then it's simplest to purchase one through the funeral home. Consumer watchdogs say some funeral homes regularly inflate prices on caskets and mislead families into believing they...
Fear of kidnapping is pervasive. To hide their wealth, many Iraqis choose to live well below their means. While on R. and R. in London, I met Hassan, a Baghdad businessman (he asked that his full name be concealed for his protection) who said he had "made millions" since the...
Remember, though, that "a lot of the stocks that investors had been aggressively buying are going to be tough places to be for a while," warns Stuart Freeman, chief equity strategist at brokerage A.G. Edwards. He's leaning away from the stocks of small companies, which tend to do best...
TAKE-OUT Seamless Web Working overtime? Order dinner for yourself and your officemates using this smart service, which counts 1,000 participating restaurants in New York City. The service has assembled similar-sized armies in nine other cities, including San Francisco, Houston and Stamford, Conn. The consumer side of the...