Word: downturn
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...officially declared on Nov. 26, already appears to be lifting. Last week came reports that housing starts and permits rose sharply in November. Home-builder stocks, classic early movers, have been on a tear. With the end in sight, here are some lasting lessons from an odd economic downturn...
...Just look at housing, Americans' economic insurance policy/bungee cord throughout this downturn (low interest rates + more mortgages = extra wealth for consumers). The Commerce Department reported Friday that new home sales were up a whopping 6.4 percent in December, and the National Association of Realtors said existing home sales rose 0.6 percent. So far, so good...
...Despite the recession, 57 percent felt that economic conditions in the U.S. were "fairly good" (6 percent said "very good") and only 30 percent felt conditions were "poor." Some 45 percent expect economic conditions to get better in 12 months? time, and only 16 percent expect a further downturn. Compare that to November 1991 - when only 21 percent ventured a "fairly good," 53 percent said "poor," and only 26 percent thought things would improve; 45 percent expected more of the same...
...study sponsored by the Office of the Civil Service Commission. Thaksin's economic policies may not be solely to blame for Thailand's economic woes?most of Asia is teetering on recession?but some of his actions, especially his government's decision to raise interest rates during such a downturn, have been counterintuitive to say the least. Central bank governor Chatu Mongol Sonakul advised him that raising rates was the wrong policy; the governor was fired soon thereafter...
...Other retailers have noticed a downturn,” he said. “I think retail in general has suffered a little...