Word: question
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...thinking of something I heard Mohamed El-Erian, CEO of bond-investing giant Pimco, say at a conference in April: "We are so focused on whether recovery will be at the end of this year or the beginning of the next that we lose sight of the more important question. It's not whether the recession will be over; it's, What does the new normal look like?" (Watch TIME's video of Peter Schiff trash-talking the markets...
...question with lots of facets. What will consumer spending look like? What will government deficits look like? What will my hair look like? But some of the most crucial unknowns have to do with corporate profits. Profits are, after all, what stock prices are supposed to be based on. Stocks have skyrocketed since early March, providing the earliest and strongest signal that the recession might ebb soon. One could even argue that rising stock prices brought optimism that has since begun to show up in real economic data, although if you think too hard about such feedback loops it will...
...drink too much of the Kool-Aid, but the question has to be asked: Can anything stop Apple's iPhone...
...world is the Republican Party going to orchestrate its comeback if it's having such a tough time organizing the seating chart for one fundraising dinner? That, at least, is the question being posed by many amused spectators of the GOP's puzzling game of musical chairs it appears to be playing with Sarah Palin...
...noted that the result still means more than 70% of voters backed parties hostile to Sarkozy and his Cabinet. True, but it brings little comfort to the crowded landscape of government opponents - especially the Socialist Party (PS), whose position as the left's leading political force is now in question. The faction-riven Socialists won just 16.5%, far short of the 28.9% it won in European elections in 2004 and dangerously close to its worst showing ever...