Word: lagged
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...thing you want to own is banks and brokerages, whose cost of money goes up and whose lending and other businesses tend to slow. You also want to avoid highly speculative (read Internet) companies with little or no earnings. Even steady growth stocks like food and beverages tend to lag as their earnings cheapen in an inflationary climate. Fixed-income investors should avoid longer-term securities because prices fall as rates rise, and if you have to sell before a bond matures, you could lose money...
...pools can add more than 10% to the cost of homes. It's also tough to sell a $250,000 house on half the lot space available in sprawl developments. Neotraditional neighborhoods need to fill their housing before small retailers commit to moving in, which can spell a considerable lag time before that cozy wineshop arrives...
...than a continued collapse. Contrary to all predictions, the American boom has not only rolled on but also speeded up. And marketing errors such as Mondavi's are relatively easy to recover from in an atmosphere of rising incomes and free consumer spending. But even if the 1998 profit lag was an aberration, as many economists think, U.S. and global production capacity still exceeds demand, and price competition is relentlessly sharp. Keeping profits up still requires astute strategy--and not a little ruthlessness...
...conducted last month reported that American high school seniors placed 19th out of 21 nations in math and 16th out of 21 in science. Our advanced students did even worse, scoring dead last in physics. This evidence suggests that, compared to the rest of the industrialized world, our students lag seriously in critical subjects vital to our future...
...Secretary of the Faculty John B.Fox Jr. '59 noted that the number at tenured minority Faculty members at Harvard continues to lag behind peer institutions...