Word: primark
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...still appears to have legs. With no end in sight, the current recovery could claim the No. 1 spot by the turn of the century. "This is perhaps the best U.S. upturn ever, with superb performance statistics and no obvious excesses anywhere," says Allen Sinai, chief global economist for Primark Decision Economics...
...TIME board consists of former Fed vice chairman Alan Blinder, now at Princeton University; former Reagan adviser Martin Feldstein, now at Harvard University; Stephen Roach from Morgan Stanley; Allen Sinai from Primark Decision Economics; Edward Yardeni from Deutsche Morgan Grenfell; and J. Antonio Villamil from Washington Economics Group. An influential lot, for sure. Yet they can't measure whether computers are making people more productive. They can't agree on whether Americans are better or worse off than a few years ago. They don't know if the economy can grow faster and unemployment recede further without whipping up inflation...
...country's third longest on record, and many economists expect it to stride right into the 21st century. "This is truly the best business expansion in American history, and it's going to last at least until the end of the decade," predicts Allen Sinai, chief global economist for Primark Decision Economics. Such endurance would put the upturn ahead of both the 1960s and the 1980s on the pursuit-of-happiness scale...
...This is a huge, huge revolution, like the advent of railroads and air travel," says Allen Sinai, the president and chief global economist for Primark Decision Economics in Boston. "Future economic historians will write about this as a major event in our history." Concurs Joseph Stiglitz, chairman of the President's Council of Economic Advisers: "In the 19th century, the frontier of America was moving from agriculture to manufacturing. Today the frontier is going from manufacturing to services and technology, much of which can be exported." While this revolution has been under way since the 1960s, technology keeps accelerating...