Word: dried
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Noting that the U.S. until now has enjoyed a "Goldilocks economy"--not too hot, not too cold, just right--David Wyss, chief economist of Standard & Poor's DRI, the economic-consulting firm, poses this question: "Will the bears eat Goldilocks?" (As in the fairy tale, there are three bears--the Asian, Russian and Wall Street varieties.) His answer: It's a toss-up. Right now Wyss sees a fifty-fifty chance of an outright recession before the end of the year 2000. Wyss would have shifted the odds to favor recession if the Federal Reserve had continued to hold...
...period a year ago. "Asia is unpredictable," says Allen Sinai, chief global economist for Primark Decision Economics. "I can't guarantee that there will be no recession in the U.S. next year because no one can be sure about Asia." Observes David Wyss, chief economist for Standard & Poor's DRI: "Asia scares...
...fears of inflation, but inflation has been dormant all year, thanks at least partly to the Federal Reserve's vigilance. "What's going on with interest rates is more a scarcity of credit than a big rise in inflation expectations," maintains Roger Brinner, chief economist for the consulting firm DRI...
...scientists studied HLA-DRI, a protein which triggers immune responses by binding to foreign molecules and delivering them to T cells designed to attack invaders...
...prevailing profit drought "holds down capital spending and is behind a lot of layoffs," says Lawrence Chimerine, senior adviser to the forecasting firm DRI-McGraw Hill. Concurs Allen Sinai, chief economist for the Boston Co. Economic Advisers: "Pressure on profits means cost cutting will remain part of the vise that is squeezing consumers...