Word: economisters
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...late summer last year "we told our clients, 'Take all your money out of Asia. Sell short,'" recalls Allen Sinai, chief global economist of Primark Decision Economics, a forecasting and consulting firm. In its worldwide model portfolio, it left only 5% for Japan. Says Sinai: "We doubled the allocation to Japan two months ago and put allocations back into South Korea, Hong Kong, Thailand and Singapore." Though many economists are dubious about how soon and how strongly Japan can recover from a long period of stagnation and now recession, Sinai pronounces himself "somewhat positive" on the outlook, at least...
...economist. This is not my field of expertise," he said. "I was only speaking [Tuesday] night as a citizen...
...edge of deflation here," says Edward Yardeni, chief economist at Deutsche Bank Securities N.A. "Companies are under enormous pressure, and that means more mergers and layoffs." If that's true, the party will be over...
...parade of Microsoft's victims have hurt the company, at least in the eyes of the press. But the case's central tenet--that Microsoft illegally leveraged its operating-systems monopoly--still stands, whatever AOL does with Netscape. Even before the $4.2 billion buyout was announced, government economist Frederick Warren-Boulton was framing it as more evidence of Microsoft's strong-arming. "Netscape has been forced to the wall," he said. "That's an unfortunate outcome of what Microsoft has been doing." Touche...
...honor economists here, preferring to include them in a subsequent issue devoted to scientists and thinkers. But surely our nation and the world would be less strong today, and many of our most famous business leaders would seem less prescient, absent the guidance of the Federal Reserve Board's Alan Greenspan. John Maynard Keynes, who convinced us of the value of fixed exchange rates and the need to use deficit financing to spend our way out of recessions, had tremendous influence over economic policy through the Depression and in the years after World War II. Although his name is back...