Word: marketeers
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Dates: during 2000-2009
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...think the [homebuilding] stocks have run up too much, so it's not surprising to me what he's doing," says Alex Barron, a senior research analyst in the El Paso, Texas, office of Agency Trading Group. "I think there are still significant headwinds facing the housing market," he says, such as rising unemployment, potentially higher interest rates and an expected increase in foreclosures...
...going to jump wholeheartedly on the global bandwagon to combat climate change. But on the conference's final day, during the main event and keynote address, President Hu Jintao talked about China's commitment to economic reform, to maintaining its extraordinary pace of economic growth, to opening China's market further to foreign investment and products - but only the barest nod in the direction of climate change. A confused American environmental consultant left the speech sputtering. "What was that about?" he asked former U.S. Secretary of State Colin Powell, who was walking out with him. Powell laughed. "You know what...
...large number of Chinese buyers means growth in Hong Kong's luxury-property market could suddenly cool if Beijing decides to tighten credit. Su Ning, vice governor of the mainland's central bank, said last week that China would continue its "appropriately loose" monetary policy at least into next year, but regulators have already started to clamp down somewhat. In August, total lending by Chinese banks dropped to a third of June's levels...
...Peter Churchouse, a director at a Hong Kong investment research and advisory firm, says he doesn't think Hong Kong's housing market is a bubble. But some analysts worry that low interest rates, high liquidity and a tight supply of new apartments could fuel irrational exuberance. Churchouse says: "I could easily see this market developing into a bubble, but it's not a bubble yet." That should be of some comfort for the buyer who just paid $3.16 million for a 590 sq. ft. apartment...
...things that are emphatically not, from the government's standpoint, the same). Western environmental scientists and activists - who had directed most of their attention (and ire) at George W. Bush's U.S. - finally began embracing reality: China, with 1.3 billion people grasping the higher living standards that industrialization and market economics have brought, had only just begun to spew CO2 into the atmosphere, and it was already the No. 1 emitter. If climate change was the great global threat that the doomsayers believed it was and if there was to be a more effective global response post Kyoto...