Word: crash
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Keller's, a popular Modesto housewares store, the end of that profligacy is shockingly apparent to owners Cherie and Joyce Keller. Sales are evaporating, and they are worried about the Christmas shopping season. "It was sudden death - there were no people shopping," says Joyce Keller. "It took the crash for people to understand that this wasn't just a problem in California...
Benjamin Graham was well prepared for the Crash of 1929. The now legendary investor had hedged his bets: he would buy preferred stock in a company and sell short common stock in the same company. When stocks crashed in October 1929, common shares fell much faster than preferreds, and Graham made a lot of money off short sales...
...after the crash, most of those preferred shares seemed so cheap that Graham couldn't bear to part with them, he wrote in his memoirs. They kept falling, and his profit soon turned to a loss. His fund (equivalent to a modern hedge fund) ended the year down 20%. In 1930 it dropped 50.5%; in 1931 16%; in 1932 3%. "The stock market," as Graham resignedly put it in the first edition of his book with David Dodd, Security Analysis (1934), "is a voting machine rather than weighing machine...
...Surviving a crash isn't just a matter of everyone holding hands. Strong institutions matter. While banks toppled throughout the region, Hong Kong banks, with their conservative internal controls, came through the crisis virtually unscathed. They've been through crises, panics and bank runs before, and they didn't play the financial games that hurt their counterparts in places like Thailand and South Korea...
...force. While the U.S. has welcomed a host of post-communist nations into NATO, it has been unable to rally its allies, new or old, around a clear vision of what NATO's role is or what its future might be. And though, in the wake of the financial crash, President Bush has endorsed the French suggestion of holding a conference that might lead to new arrangements to govern the international financial system, it was the British government, not that of the U.S., that first understood that recapitalization of financial institutions was the key to short-term amelioration...