Word: daleyisms
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...just the beginning of what looks to be a long and painful economic unwinding for Asia. That's because exports to the U.S. are crucial for economic growth in many Asian countries. A bailout "does not address the decimation of the wealth effect of the U.S. consumer," says Kirby Daley, senior strategist at Newedge Group, a financial services firm based in Hong Kong. Nor can a bailout replace all the liquidity that has evaporated from global financial markets, which made it cheaper for companies to borrow money to build new factories, buy new equipment or expand into new territories...
...government can pass a plan to pump money into the financial system by buying bad mortgages - thus freeing up banks to lend money elsewhere - it won't "address the decimation of the wealth effect of the U.S. consumer," which many export-led Asian economies rely on, says Kirby Daley, senior strategist at Newedge Group, a financial services firm based in Hong Kong...
...bailout replace all the liquidity that those complicated mortgage-backed securities unleashed into the world's financial markets, making it easier for companies to borrow money to build new factories, buy new equipment or expand into new territories. "We will never return to those levels of liquidity," Daley says...
...Indeed, there was a time when 19 seemed so far down the line that I couldn’t even imagine what I would be doing after so many years. But watching the 14-year-old British diver Tom Daley and the 16-year-old American gymnast Shawn Johnson made me think back with regret to what I was doing when I was 14 (Mortal Kombat) and 16 (Jackass stunts...
...Despite the relative efficiency of this approach, both Melton and Daley stressed that direct reprogramming does not eliminate the need to continue work with iPS cells or human embryonic stem cells. Melton explained that it is simply another way of approaching the same problem scientists face in regenerative medicine—how to make cells to replace lost or deficient ones...