Word: forecasters
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...Blodget, whose excesses have been uncovered by the Spitzer investigation, is emblematic of the current problems on Wall Street. Blodget, a man whose career mirrored the Internet bubble, was an Internet stock analyst at the second-tier firm CIBC Oppenheimer when he made a now famous prediction. Blodget correctly forecast in 1998 that the stock of Amazon.com, then trading at around $225, would hit $400 within 12 months. When the stock hit that target within months, a star was born and Blodget soon jumped to the more prestigious Merrill Lynch. By the time the Internet bubble burst in April...
...That note fit in rather neatly with the one-word recovery forecast that's been settling on the tongues of investors all week: anemic. Alan Greenspan is largely responsible, writing in the Wednesday-released "beige book" that yes, the recovery was coming, but it might not be anything spectacular. The lack of business spending is particularly worrisome, the consumers' part hard to take for granted, the labor market still "slack" (meaning unemployment may stay up for a while). Energy costs are staying up, and manufacturers' willingness to upgrade their equipment remains limited...
...death of his younger brother, Peter, found dead on the Amagansett, L.I., property of the immensely wealthy Neubauer family, a few miles from Jack and Peter's Montauk home. The cops say Peter drowned; a glance at the corpse tells Jack that his brother was beaten to death...FORECAST: Patterson might as well have called this one 'The Beach Novel,' because it's the hardcover people will be reading at the Hamptons and elsewhere this summer. His planned five-city author tour will only help sustain its inevitable position atop bestseller list." Naturally, Patterson's publisher is grateful to this...
...grand historical sweep that covers more than three centuries, Phillip's astute analysis of the effects of wealth and capital upon democracy is both eye-opening and disturbing...Lucidly written, scrupulously argued and culturally wide-ranging, this is an important and deeply original analysis of U.S. history and economics. FORECAST: Filled with tables and graphs and a rather dense text, this may be more talked-about than read, but talked-about it will be by commentators and pundits." Says Kirkus, "Sturdy economic history with a heavy dash of social criticism - and, as many conservative critics have said before of Phillips...
...time network job that could make her famous. However, that world is turned upside down when she interviews Prophet Jack (Tony Shalhoub), a homeless man who shouts messages from God while standing on a crate in the street each day. All she wants from him is a weather forecast and a Seahawks game score: what she gets is a death sentence: he tells her she will die the following Thursday. At first, Lanie is incredulous, but when Jack’s other prophecies start coming true, dread and desperation seize her. As Thursday fast approaches, she begins to reevaluate...