Word: primark
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Dates: during 1997-1997
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...Fundamentally, the economy is in remarkable shape," says Martin Zimmerman, director of corporate economics for Ford Motor Co. Allen Sinai, chief global economist of Primark Decision Economics, goes further: "It's terrific. Having a combination of good times on Main Street and Wall Street for so long is rare. This may be the only time in history...
...invest in Japan? There's virtually no growth. Bank lending is contracting, and jobs are scarce. The greater Asia slowdown promises to deepen Japan's woes. "This is a catastrophe," says Carl Weinberg at High Frequency Economics. At a conference with senior Japanese executives, notes Allen Sinai of Primark Decision Economics, "I was absolutely flabbergasted by the pessimism." Picking market bottoms is never easy. When they occur, pessimism and words like catastrophe are usually in evidence, as is some element of resolve. It's all there in Japan today. The question isn't whether things will get worse but whether...
...easy to swallow and lends credibility to the wisdom of staying happy and staying in stocks or, as the little guy did Tuesday, buying even more. "There is no reason to think the U.S. stock market is going to go into a bear market," says economist Allen Sinai at Primark Decision Economics. "The U.S. economy is not going to be knocked down by the crisis in Asia...
...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...