Word: primark
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Dates: during 2000-2009
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...shop, work and play at Internet speed. In New York City, for example, travel agencies routinely farm out chores like updating frequent-flyer miles to online boutiques as far away as India. "All our activities from consumption to production are unalterably changed," says Allen Sinai, chief global economist for Primark Decision Economics. "In that sense, the New Economy is for real, and it's here forever...
...first time in at least two years, members concurred, not all economic systems are go. Imbalances are showing up, notably a worsening labor shortage and excessive consumer spending; signs of renewed inflation are real; stock markets have turned turbulent, to say the least. Allen Sinai, chief global economist of Primark Decision Economics, long contended that rising productivity in the new economy enables the U.S. to enjoy noninflationary increases in production much greater than once imagined. He now concedes that this picture has been temporarily pushed aside. "For the first time in over a decade," he says, "a standard business-cycle...
Though the odds are against it, a dollar implosion cannot be ruled out. Allen Sinai, president and chief global economist for Primark Decision Economics, a global forecasting firm, assigns it about a 30% chance. One reason is that money traders, once moved in any direction, have rarely been noted for moderation; they often push the price of any currency up or down far beyond what might be justified by economic fundamentals...