Word: panic
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Dates: during 2000-2009
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...taking up the best real estate, earned through nights of sleeping bags, tents and improvised bathroom facilities. "You quickly find out that the In-and-Out burger bathroom is open till 2 a.m. and the Starbucks opens at 6 a.m.," says Clark. "There was a four-hour window of panic...
Those are strong words for what, going strictly by the numbers, has been nothing more than a retracing of the dollar rally that followed last fall's financial panic. When investors around the world got scared late last year, they poured money into U.S. Treasury securities that they perceived to be safe. That drove up the dollar. Then, after a few months, investors began taking risks again, putting money back into the U.S. stock market and into all sorts of investments in the rest of the world. So the dollar fell. (See 10 things you didn't know about money...
...really felt like, law of averages, we were going to force a turnover in the weather, really being very aggressive on defense,” Murphy said. “I didn’t want to put us in a position with nine or 10 minutes left to panic...
...frugal mind frame and can easily recall how retailers slashed prices up to 85% last November and December to unload huge inventories. At that time, shell-shocked retailers, rattled by the collapse of Lehman Brothers, the crisis at AIG and upheaval in the credit markets, pushed the panic button...
...reduce the risk of another round of panic selling, Saks and other retailers have ordered up to 20% less inventory for this holiday season. "You clearly aren't going to see the kind of discounting that you saw last year," says Sadove, although he doesn't rule out 70%-off sales being held at the end of the season if there's inventory left...