Word: forecasters
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Officials forecast that next year’s schools budget will run a $750,000 deficit, and they project continuing enrollment declines in the coming years...
Enough To Make You Sick AstraZeneca's drug pipeline is looking dry. First its cholesterol drug failed clinical tests, then last week the lung-cancer drug Iressa, with forecast annual sales of $2 billion, followed suit...
...only at the beginning of what we can expect in the future," says Manfred Stock, deputy director of the Potsdam Institute for Climate Impact Research. "Many regions will see an increase in extreme weather, and we will have to adjust to massive changes in our living conditions." If that forecast proves right, then Europe's water wars may be only just beginning
Edward Leamer, director of economic consultants at UCLA Anderson Forecast, thinks Scheid and others like him will be disappointed. Leamer is a bubble believer who expects rising interest rates to sock anyone with grand plans for double-digit housing gains in coming years. "In buying a home now, people should be acting like there will be no appreciation," Leamer cautions. "Don't be building cockamamy ideas about how this market is going to go up forever at 15% a year...
...changed over the past century. For a start, modern financial tools, such as mutual funds, have made it much easier for investors to diversify, giving them more confidence in stocks. That realization helped boost past returns, but it was probably a one-off gain. The study's authors forecast a future global stock premium of 3 or 4 percentage points a year over risk-free money. That still isn't bad, especially over the long haul, but it can't justify the risk of an all-stock portfolio. The LBS scholars suggest putting about 40% of your risky assets...