Word: markets
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Dates: during 2000-2009
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...Fitch Ratings), the value of the dollar with respect to the euro and yen hit bottom (Deutsche Bank), 10-year Treasuries yield more than 4% (Bank of America Merrill Lynch) and small-cap value stocks outperform all other categories (Richard Bernstein Capital Management). As for the stock market more broadly? Strategists at UBS expect gains well into the double-digits. The CEO of PIMCO sees a 10% drop...
Wait a second. Will the stock market go up or down? That major discrepancy raises an important point. Making predictions a year out is a tricky - and unreliable - business...
...question remains whether CityCenter will help spur a rebound in the city - the common wisdom in Las Vegas is that new supply creates demand - or the addition of more than 4,000 new hotel rooms will depress an already oversupplied market. Murren describes it as the "stimulus package of all time for this community," pointing to the 12,000 jobs CityCenter has created. Expectedly, he's bullish that CityCenter will lure new visitors to Vegas. "There's no doubt in my mind that more people will come to Las Vegas next year than this year...
...shut down, and the Sahara just announced plans to temporarily close rooms in two of its three towers. One of the early selling points of CityCenter was that a slate of condos was planned to give the project some semblance of urbane flair. But the high-rise-condo market is in dire shape. Murren says MGM Mirage has 50% of its condos under contract, but it also recently announced a 30% price reduction to lure in new buyers as well a financing package to help buyers afford to close the deal...
...almost this threat, like "If you don't drink chocolate milk, then your children will not get the nutrition they need!" says Marlene Schwartz, deputy director of Yale University's Rudd Center for Food Policy and Obesity. For Schwartz, the dairy industry's campaign is one as concerned with market share as it is with nutrition. "The real issue is a food-industry segment saying, "We want to market our product to children. So we are going to add extra sugar that is completely unnecessary to improve the taste so that kids will drink more of our product." And since...