Word: expectancies
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Dates: during 2000-2009
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Among gift categories, IBIS World projects the sharpest drops for clothing and intimate apparel (don't expect the lingerie, ladies), dining out, jewelry, romantic getaways and flowers. Only greeting cards and candy, the smaller-ticket items, are showing a slight uptick. Brand Keys Inc., a New York City-based research and consulting firm, found that 15% of men and women said they would stay home this Valentine's Day, nearly four times as many as in 2008. Consumers also told the company they'd share gifts with fewer friends and family members. "Your great-aunt may not get something this...
...less. The monetary base, the money element that the Fed can control, is a fraction of credit outstanding in the U.S. system ($2 trillion versus $47 trillion). No matter how fast base money is pumped up, the reduction in credit outstanding will overwhelm it. During this phase we should expect credit contraction and its attendant deflationary effects on asset prices and consumer goods and services...
...year-old father-in-law stood to attention in front of an American flag after watching Barack Obama's Inauguration live on TV. People everywhere expect Obama to be a President for the world, not of the world. Dennis Callesen, Aoraki, New Zealand...
...game of poker, with each side betting it will come out looking smarter when the stimulus' results are discernible. Should California and Florida, two of the states hardest hit by the nation's housing collapse, show improvement by the time the 2010 midterm elections roll around, you can probably expect to see the GOP running more from the center. Moreover, governors like Perry, who faces a strong challenge from Texas Senator Kay Bailey Hutchison next year for the Republican gubernatorial nomination, may look discredited. Should the stimulus fail, however, Perry - who reportedly had considered rejecting Texas' allotment of the federal...
...Nonetheless, there is still hope that Biden's promise to listen marks a change in itself. Ulrike Guérot, of the European Council of Foreign Relations in Berlin, says that by merely pressing the reset button - and not just on Russia - the U.S. could expect Europe both to engage and to develop its own strategic priorities. "Europe will be reluctant to always say yes - and we have different approaches, with some going for more military solutions, some more aid," she says. "But just by embracing Europe as a partner, [the U.S.] will help European countries deliver common answers...