Word: forecasters
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...even more interest - Tiger Woods, who got through six holes on Thursday and was one over par, trying to repeat as U.S. Open champ; New York fan favorite Phil Mickelson playing in his first major since his wife was stricken with breast cancer. But now, with bad weather forecast throughout the weekend, the Open is all about the rain...
...hurricane only to be told that another is on the way? New York City-area homeowners are in just that spot. After the region suffered the brunt of financial-industry cutbacks, the next big wave of woe could be a nor'easter of collapsing home prices. That's the forecast of an extensive new report on residential real estate by Deutsche Bank, which calls for home prices in metropolitan New York City (which includes Westchester, northern New Jersey and other nearby areas) to fall 40.6% from the prices that prevailed in March...
...Ironically, that dire forecast is wrapped in an improving forecast for nationwide home prices. Back in March, Deutsche Bank analysts had expected national home prices to decline 16.5%; now they foresee just a 14% decline. That mildly upbeat news does not hold true for the New York City area, however, which is expected to see a 40.6% drop. While that is also a slight improvement from the March forecast, it is dire nonetheless. (See photos of the global financial crisis...
...remains strong. Brian Chen, PC analyst for market research firm Display Search, predicts second quarter sales will exceed 9 million units, a 50% increase over the first quarter. (Global computer sales fell 7% in the first quarter compared with the same period in 2008.) "We've already increased our forecast [for netbook sales] to 30 million this year and they'll probably count for 24% of all notebook PCs sold," says Chen, who called the growth of the category "amazing...
...AIG’s gambles had all but destroyed the institution—once the 18th largest public company in the world. To prevent an abrupt and potentially catastrophic collapse, AIG was forced to take a $182.5 billion lifeline from the U.S. government to cover losses that its forecasts indicated were never supposed to happen. Quantitative models like Gorton’s—equally likely to emerge on a dusty blackboard as the frenzied trading floor—have come under fire over the past year, which saw a seismic reshaping of the global financial landscape.Mere months later, academic...