Word: economisters
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...with those answers, with most answers, is that they strive to contain cause and effect within a single trading day when the real story is much, much bigger. There is "distrust in the marketplace - and in the government's ability to handle the crisis," says Peter Cardillo, chief market economist at investment shop Avalon Partners. "That's basically feeding on itself...
...economist, but it strikes me as imprudent for the government to bail out Wall Street because it nationalizes, or socializes, free enterprise, supports investors in the assisted companies at the expense of the general taxpayer, and sets a precedent for other troubled industries to ask for government handouts. This is welfare for the wealthy at the expense of the middle class. Daniel Spiteri, San Jose, California...
...half the proportion of two decades ago. Has London become too reliant on a single industry, putting all of its eggs into one volatile basket? "Obviously people see it as a risk, and if there's a prolonged downturn, it will become an issue," says Andrew Goodwin, a senior economist at Oxford Economics, who nonetheless believes that while "there is a concern about dependency, financial services have done well historically." At the Guildhall, which is where the City administration is based, policy head Stuart Fraser is bracing for a slump as severe as the one in the early...
...perspective. Across the English Channel, Thierry Jacquillat, chairman of the Greater Paris Investment Agency, looks at what's happening in world financial markets and says: "The economy of Paris will resist the shock better than London. We're more diversified." And in Brussels, at the European Trade Union Institute, economist Andrew Watt draws some uncomfortable historical parallels. "There was some idea that the financial sector was immune," he says. "It's like pinning your hopes on anything, whether it's textiles in the north of England or the car industry around Birmingham. It expands for a while and then...
...first time in a decade, there are economies in Latin America that are doing better than in rich countries.' AUGUSTO DE LA TORRE, chief economist at the World Bank, on why fewer Latin Americans are immigrating...