Word: longingly
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Dates: during 2000-2009
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...Tuna has long been a standard item on my shopping list. Not anymore! A small contribution to conservation, perhaps, but one by one we may make a difference. Thank you TIME for regularly waking your readers up to the planet's predicament. Cilla Geldenhuys, Witsand, South Africa...
Wanna bet? Prechter does. He has made a career out of his belief that financial markets are ruled not by fundamentals but by waves of irrational behavior. Lately, after a long run of relative obscurity, he's been getting lots of attention. So have other believers in cycles and waves: the New Yorker recently expended 10 pages on Martin Armstrong, a self-taught forecaster (currently imprisoned for fraud) who made several eerily on-the-mark calls using a formula based on the mathematical constant pi. Prechter appeared in that piece too, but only briefly. He comes across as too reasonable...
...that's happened only at a few off-the-beaten-track colleges. But mainstream economists, who had long dismissed market cycles as nonsense, have begun to come around at least a little. Yale's Robert Shiller describes market booms and busts as the product of fashion and animal spirits. A trio of academics revisited a famous 1934 paper that debunked the predictions of Dow theorist Hamilton and found that, adjusted for risk, Hamilton's predictions beat the market. MIT's Andrew Lo, a top finance scholar, has made technical analysis one of his main research topics. So maybe there...
Trouble is, that means making the sort of guarantee that the U.S. and its allies shy away from. When Secretary of State Hillary Clinton said recently that the U.S. is "not interested in staying [in Afghanistan]" and has "no long-term stake there," she probably - if inadvertently - caused fence sitters to reconsider their options. Indeed, Masoom Stanekzai, Karzai's point man on the reintegration policy, says that for it to work, a U.S. commitment of more troops is important. "The stronger presence of security forces in an area means that more Taliban commanders are under pressure," says Stanekzai. "They will...
...that is why Hekmat Karzai sees the enthusiasm for talks less as a considered proposal for a long-term Afghan solution and more as a way for the U.S. and its allies to get out as soon as they can. "If we are going to initiate dialogue, it should not be so the West can immediately leave Afghanistan, saying, 'Look, now they have come together. They have developed a solution Afghans are happy with, so we can back off.' If you did that, this country would collapse back into chaos. We have to do this because we want to make...