Word: creditably
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...dynamic measured as the current account deficit. This "giant pool of money," as the radio program This American Life described it, did not stay in low-spending surplus countries like China or oil-producing states. Instead, much of it came back to the U.S. in the form of cheap credit. "Like water seeking its level, saving flowed from where it was abundant to where it was deficient, with the result that the United States and some other advanced countries experienced large capital inflows for more than a decade," explained Federal Reserve Chairman Ben Bernanke in a March 10 speech...
...that was before the bottom fell out from nearly every asset class. While some of the instruments, such as credit default swaps, may have hedged against the downturn, other derivative holdings have cost the University dearly. Harvard’s investments in interest-rate swaps, one class of derivative that may be used by both HMC and the University budget office to hedge against interests rate changes on variable-rate debt, would have cost $571 million to terminate as of Oct. 2008, according to a credit rating report from financial rating company Standard and Poor?...
...he’s hitting right now sets a tone for the rest of the team,” Rogers says of Douglas. “I give him a lot of the credit for the way I’ve been hitting. It’s going to rub off on the other guys and we’ll see a lot more wins out of it soon...
...Although analysts credit the odd couple for playing tough with all sides, Rattner and Bloom's initial efforts are meeting with only moderate success. The stock market reacted negatively to the government's plan on Monday, with the S&P 500 dropping nearly 3.5% on fears that bankruptcy was inevitable for GM and Chrysler - a fear that the Administration did little to calm. President Obama, in his speech announcing the deal on Monday, tried to put a good face on things, laying out measures to save the companies, soften the blow to autoworkers and encourage auto sales with guaranteed warranties...
...might say the same has happened to the global economy. In the hangover of a credit binge fueled by about a trillion too many real estate dreams, the International Monetary Fund (IMF) predicts that this year will be the first since 1945 to see a contraction in world economic output. The London summit is designed to both ameliorate the present crisis and try and head off future ones. (See pictures of the global financial crisis...