Word: guts
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Wall Street tends to respond to economic numbers with its gut. There's no time to read the fine print, or indulge in any two-ways-of-looking-at-this pondering. The morning's headlining report - unemployment, retail sales, consumer confidence - comes out, fits somewhere into investors' expectations about whether it is a good or bad thing, and usually imparts that spin to the morning's trading before the session fades into the usual scrum over the day's corporate news...
...Unless their gut gets confused, in which case investors behave like they did Friday - single digits up, single digits down - as if they were waiting for someone else to pipe up and tell them what, exactly, the latest batch of numbers means for the economy, the recession and the recovery. This was one of the lower-wattage economic Fridays - no University of Michigan report, no monthly unemployment. Just business inventories, industrial production and capacity utilization, and of course the CPI inflation gauge, which no one seems to worry much about anymore...
...gut reaction is that this is not a bad sign,” said Student Affairs Committee chair Rohit Chopra ’04, who is one of the council members who has pushed for the change...
...round out this or that perception of Mr. Personality is to just walk up to him and say hello. You’ll notice the charm and smile at the wit. And once you’ve dug yourself into conversations about his cute baby cousin or his gut, named Joe, you’ll realize that it’s actually pretty easy to talk to this somebody who just might be somebody someday...
...careful deliberation that the Legislature lacked. We implore her to make the difficult cuts wisely, being sure that worthwhile programs do not end up suffering while needless ones go untouched as the result of pork barrel legislative priorities. One such example is the attempt by lawmakers to quietly gut the budgets of the Office of the Inspector General and the State Ethics Commission and blame it on the recession. Swift should be able to see through these self-interested maneuvers, and work to fashion a budget that will evaluate all programs on a meritocratic basis...