Word: marketization
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Dates: during 1990-1999
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...side of an office building, a statue of a business man leans forward, the wall resting where his head should be. A clever poem next to him recounts the fate of his "head for business." Sitting in Grand Central Market, eating fried bananas and feeling grateful that I took Spanish in school, I was amazed by how much I liked the parts of LA that...
...fooled by the rally. The market came nowhere near to rectifying Tuesday's losses, and the overall trend is down. "People haven't made money in the market for four or five months," says TIME's Wall Street columnist Daniel Kadlec. "The average stock is down 25 percent since the year's high. Smaller stocks are down 40 percent. This is a real correction, whether the Dow trips 10 percent...
Wall Street abhors political upheaval. Watergate took a brutal toll on the market, and Sexgate appears to be having a similar effect. One word traders particularly don't like to hear is impeachment. "I don't think it helps that Washington is discussing impeaching the President," says TIME business correspondent Daniel Kadlec. "That creates a lot of uncertainty, and the market prefers to see stability...
...YORK: In these bullish days of the mutual-fund-fueled stock market, the Dow's daily behavior is rarely evidence of anything other than herd psychology -- even Tuesday's staggering slide of almost 300 points. But this time, take notice: It's Wall Street's way of saying that a recession may be on the way. "Recessions are hard to spot -- you don't know you're in one until it's half over," says TIME Wall Street columnist Daniel Kadlec. "But the market usually sees it first and declines ahead...
...from its record high of 9,337.97 on July 17. And although the indicator is still up 8.4 percent on the year, that figure was once 18 percent. Is the boom of the Clinton years finally over? Kadlec says that with so many people with money in the stock market, recession worries could be self-fulfilling. "The effects of Asia are hitting U.S. companies hard, but consumers at home are still spending," he says. "But if the stock market stays gloomy, people are going to stop feeling wealthy." And that will be when the economy dries up. So keep your...