Word: easiest
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...past few decades, the easiest call in economics was to predict a V-shaped recession--one that bottoms and rebounds quickly. It's basically all we've had. Only two of the 11 recessions since the end of World War II have lasted more than a year, and nearly all wound up with a boomlet. Consumers stocked up. Companies upgraded their computers. We piled into real estate. And predicting a V may be the right call again. With the government spending billions on economic stimulus--trillions, if you include the bank fix--a quick pullout is entirely possible. In that...
...foreign hypermarket chains are entering the country - British retail group Tesco has a joint venture with India's giant Tata conglomerate, while France's Carrefour is said to be in talks with Reliance - Jain says Wal-Mart is in no hurry to unfurl the Wal-Mart flag nationally. "The easiest thing is to roll out stores, but the most difficult is to sustain and feed them," he says...
Government spending is the easiest to predict. With only 6% of the $787 billion stimulus package disbursed thus far, there's a lot of spending on the way in the next year and a half. After that, pressure from buyers of Treasury securities will probably force a return to fiscal discipline. But over the short run, government should provide a big boost...
...good on their loans. This is making it harder for China's banks to adopt modern risk-management practices and diversify their traditional customer base, which is largely SOEs. "It's difficult to go on a massive spending binge and at same time create new channels," says Pettis. "The easiest thing to do is more of the same...
...analysis, delivered with clarity and wit, digs deep into how they increase the risk of wars, uprisings and riots for the world's poorest. In rich democracies, elections allow citizens to hold their politicians accountable. Collier shows how in poorly educated places, riven by ethnic and tribal rivalries, the easiest way to win is not good governance, but bad. In a world that rewards the rituals of democracy - not just with local votes, but with fat aid checks from abroad - thuggery and vote-rigging...