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...Instead, the weak get weaker, and hope is fading that relief will come from an economic rebound. Government economists on Aug. 30 estimated that the country generated zero GDP growth in the first quarter, revising an earlier estimate of a 1.4% gain. Ken Courtis, vice chairman of Goldman Sachs Asia, predicts no growth at all in calendar year 2002. "The only way to be optimistic about the Japanese economy," he says, "is to turn the charts upside down...

Author: /time Magazine | Title: Swimming in Debt | 9/9/2002 | See Source »

...Koizumi as Prime Minister?might spark a wider loss of confidence in Japan's banks, scaring regular Japanese depositors into withdrawing their money in droves. That could have major repercussions for global stock and currency markets. "It is wrong to underestimate the severity of the Japanese financial crisis," warns Goldman's Courtis...

Author: /time Magazine | Title: Swimming in Debt | 9/9/2002 | See Source »

...Sometimes Europeans are bored with European brands," says Jacques-Franck Dossin, a Goldman Sachs luxury-goods analyst based in London. "Ralph Lauren is cooler. It's different. It's from the U.S." Carol Pope Murray, an analyst at Salomon Smith Barney in New York City, more or less agrees. "Yes, I think there is a consumer in Europe who will buy the product," she says. "But the issue is and has always been, Can they do it and make a profit...

Author: /time Magazine | Title: A Bronx Cowboy In Europe? | 9/2/2002 | See Source »

After a final push downward last October, most rates bounced back so quickly that many consumers couldn't seize the moment. Now rates are even lower than they were last autumn, and they may be headed lower still. Lehman Bros., Goldman Sachs and Deutsche Bank all predict that the benchmark short-term federal-funds target rate--at just 1.75%--will go to 1% by the end of the year as Fed Chairman "Sir" Alan Greenspan (soon to be knighted for his role in the global economy) dons armor against the double-dip recession dragon. A quarter-point cut could come...

Author: /time Magazine | Title: Can It Be Refi Time Again? | 8/19/2002 | See Source »

...After a final push downward last October, most rates bounced back so quickly that many consumers couldn't seize the moment. Now rates are even lower than they were last autumn, and they may be headed lower still. Lehman Bros., Goldman Sachs and Deutsche Bank all predict that the benchmark short-term federal-funds target rate - at just 1.75% - will go to 1% by the end of the year as Fed Chairman "Sir" Alan Greenspan (soon to be knighted for his role in the global economy) dons armor against the double-dip recession dragon. A quarter-point cut could come...

Author: /time Magazine | Title: Is it Time to Refinance Again? | 8/12/2002 | See Source »

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