Word: economisters
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...customer has ordered," he says. "You have less of your money tied up." He is also more cautious about his borrowings--one of the most important precautions any business can take. "People who are worried that we may have a recession need to reduce or eliminate their debts," says economist Allen Sinai of Primark Decision Economics. "In a recession your income may drop and your ability to repay debt will be greatly diminished...
...biggest winners in all this could be the U.S. investor who bets on the euro's boost to European growth. "For the American investor," says J. Paul Horne, equity-market economist with Salomon Smith Barney in London, "the euro zone will be one of the few places in the world with risk comparable to that in the U.S. and with the kinds of structural changes that we saw in the U.S. over the past five years: balanced budgets, increased competitiveness, productivity gains...
...Ullman was the moderator Tuesday at "Press Coverage of Stock Market Crashes," a seminar hosted by the Freedom Forum and held at the Newseum in New York. Featured speakers were leading lights from the New York Times and thestreet.com, counterbalanced by a mutual fund guru and a Yale economist. Everyone agreed on the easy part: Business news has never been better business. But there was fear in the air -- even the most bearish press coverage has had little effect on the individual investor's buy-now-and-hold-forever ethos that has fed the current seven-year bull market. Everybody...
...rest of Asia, Zhu has been forced to reverse or put on hold all his key reform policies. Mounting reports of labor unrest around the country terrified his comrades in the leadership, whose fear of luan--chaos--approaches the phobic. "With no functioning social-welfare net," argues a Chinese economist, Zhu's reforms were "suicidal...
...embarked on a huge program of domestic spending to stimulate demand. "It is the old pattern in China--three steps forward and two steps back," says Joe Zhang, head of China research for HSBC Securities in Hong Kong. "At the moment we are backtracking." Says Andy Xie, chief China economist for Morgan Stanley Dean Witter in Hong Kong: "If they continue, they will end up renationalizing the economy. And that is not the way China needs...