Word: forecast
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...News of the telecom merger and the WHA entry sent Taiwan stocks up over 6% on Wednesday. Global economists responded by immediately upgrading Taiwan's economic outlook; Goldman Sachs added 1% to its forecast for next year's growth rate to 3.5%. JP Morgan also said that the direct flights, tourists, and recent financial agreements are a key to Taiwan's long-term structural growth. "This will also open up a wave or mergers and acquisitions between companies in Taiwan and China," said Chow. "The next industry to watch will be financial industry." (Read about Chinese tourists in Taiwan...
...worst car I ever owned. And that's saying something, because it trumps my very first (used) car: a British 1960 Morris Minor 1000, complete with its rain-bedeviled Lucas electrical system that seemed to render the car immobile in the driveway whenever the weatherman forecast cloudy skies. For someone primed to love the Pontiac brand, the Sunbird was a disheartening experience. Everything from the trunk lining to the levers used to (manually) adjust the driver's seat seemed flimsy and prone to problems. Service at dealerships was mediocre at best. They didn't seem to care, and I resolved...
...last several months, something funny has been happening in the commodities trade. After spectacular plunges, the prices of oil, copper, palm oil and others are rallying. This shouldn't be happening given the parlous state of the world economy. The International Monetary Fund this week cut its global growth forecast for 2009, predicting GDP would contract by 1.3%, the most severe recession since the 1930s. Yet oil is some 50% more expensive now than in December. Palm oil, which is used in a wide variety of manufactured foods, has surged by about 50% this year. "The only area...
...same month last year. That news was followed quickly by unexpectedly poor numbers from the Conference Board which said that its index of leading economic indicators fell .3% in March. The Board was probably reluctant to say what it had to, which is that the index is designed to forecast economic activity six to nine months ahead. That news crumpled the hopes of many that the fourth quarter could be the period when the water of the recession would begin to recede...
...quickly," Zandi said, chuckling. "How's that for a happy ending?" After the presentation, he was engulfed in a sort of economic-geek circle at the front of the room. Men from the Department of Commerce, Freddie Mac and a real estate investment fund batted questions around: "Has your forecast for home prices changed?" "What about the savings rate?" As he raced out the door, Zandi was stopped by an economist from the Office of the Comptroller of the Currency to talk about the "wealth effect." (See the best business deals...