Word: creditably
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Bernstein: Seriously, we think there's a metamorphosis under way and the credit mania stories that we saw in the last three, four, five, six years are unlikely to come back. We think overall we're going to be moving away from these credit-driven stories and much more towards self-financing stories...
Bernstein: What you just mentioned are two sectors - especially real estate - that are very, very credit-driven. And one of the reasons we don't think you'll see a V-shaped recovery in the United States is that the early portions of the economic recovery cycle are always very, very dependent on credit. Things like housing, autos, big-ticket retailing. And we doubt that credit creation is going to see the kind of dramatic recovery that would cause a significant upturn in the economy...
Bernstein: We do not think that people should be looking at value funds yet. Value stocks are very dependent on credit, that is, their performance is very related to the upturn in the economic cycle. We really don't have a lot of evidence right now to support an emphasis on value stocks. We prefer growth stocks, though there's more than one type of growth stock. There are the companies offering stable growth, where the stocks sell at a reasonable price, and then there's kind of the momentum growth. And growth mutual funds follow one or the other...
...sectors like retail and real estate, things are rapidly rolling downhill. "Things will slow down primarily due to three reasons," says Sudeep Jain of Jones Lang LaSalle Meghraj, "Due to the economic slowdown, demand has already dipped. The terror attacks led to bookings being cancelled. And due to the credit crunch, fewer deals will be struck so fewer people will be traveling...
...Teddy Roosevelt's "man in the arena" declaration, delivered in the Sorbonne in Paris in 1910. Its key passage: "It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds...