Word: primark
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Dates: during 1990-1999
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...that those estimates factor in two mild recessions sometime during the next 10 years and include assumptions that "do not contemplate the kind of growth that is actually going to occur." That would imply surpluses even greater than projected--a prospect confirmed by Allen Sinai, chief global economist for Primark Decision Economics, a forecasting firm. Sinai's "baseline" forecast, assuming no changes in taxes or spending patterns, is for a non-Social Security surplus of $1.3 trillion, or 30% above the official guess for the next decade...
...Allen Sinai, chief global economist at Primark Decision Economics, sees the Internet as having unleashed powerful competitive forces ?- new efficiencies in the way corporations do business ?- that may have changed the rules an awful lot. "The Internet structural change is a very big one, in the class of the railroad, the airplane, the automobile or the printing press," he says. "It should increase productivity growth and lower product prices. It could be the wild card for an inflationless prosperity." In other words, increased competitiveness among U.S. corporations with Net-connected companies around the globe could make the business world...
...taxpayers, who put up the money in the first place? Or should it be used to pay down the $5.6 trillion national debt and shore up wobbly Medicare and Social Security funds? "This is a wonderful problem for the U.S. to have," says Allen Sinai, chief global economist for Primark Decision Economics...
...previous month. And the prices of raw materials like oil and copper, on average, are at their lowest in decades. This is not the stuff of sudden price hikes in consumer items. "It's beyond me how anyone can be worried about inflation," economist Allen Sinai at Primark Decision Economics says flatly. So exactly what do these masters of the universe discern...
Allen Sinai, chief global economist for Primark Decision Economics, a prominent forecasting and consulting firm, is close to Reaser on overall numbers; he predicts 1999 GDP growth of 2% to 2 1/4%. But his tone is considerably less cheery. Many economists, he notes, would consider a 2.5% increase "a trend rate of growth"--that is, roughly what the U.S. could expect to average over a long period. Sinai, however, belongs to a "new economy" school that believes rising productivity makes a 3% annual average possible. Thus he views next year's likely increase to be significantly below potential--perhaps meriting...