Word: dropping
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Dates: during 1990-1999
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...dollar of increased wealth, consumers spend an additional 4[cents]. And they often stop spending that money when their stock gains erode. If $2 trillion has been lost from investors' pockets over the past seven weeks, then at 4[cents] on the dollar we could expect an $80 billion drop in annual consumer spending, or about 1% of the total U.S. economy. While that alone is not enough to stop the economy from growing, economists say, it could combine with the global currency crisis to tip the U.S. into recession later this year or in early...
...what should you do now? That depends on what you've been doing the past few months. I've been suggesting all summer that it was time to prepare for just this kind of drop. If you've done that, and have some cash and a list of stocks you want to own at cheaper prices, now is a good time to start picking them up. No hurry, though. Based on earnings, most stocks are still at the high end of their historical valuations. Knowing that prices could fall more but that you're unlikely to spot the bottom, this...
...weren't prepared for last week's stock drop--you had too much money in stocks and now find that your new-car money is gone--don't despair. The worst is probably over. Still, you don't want to risk the grocery money too. You're way ahead if you've been in the market more than a year, so just sell down to your comfort level. But don't overdo it and try to time a further drop. You'll only end up selling at the bottom and cursing the market all the way back...
...Willie side has always known that the most important quality a politician can have is sincerity. And no politician is better at faking it than he is. In 1980 Clinton was a failed one-term Governor until he apologized for raising car-tag fees and got his wife to drop that fancy "Rodham" business with her name. In 1992 he became the Comeback Kid, miraculously saving a crashing candidacy by quickly apologizing for causing pain in his marriage. So why on Aug. 17 couldn't he live the lie a little bit longer in order to satisfy a huge...
...Schiffer left. It's another ripped seam for the eatery, which has recently seen closings of its Barcelona and New Orleans outlets. And, of course, there's a lawsuit. Investor Luigi Palma is suing Buti, claiming embezzlement, a claim Buti denies. Is it time for the other stiletto to drop...