Word: rebounds
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America's car companies are still operating on the premise that the new car market will recover in a year or two. It may not rebound from its current annual run-rate of 10 million light vehicles to more than 16 million where it was three years ago, but surely it will get back to 14 million to 15 million...
Manufacturers can't count on a swift rebound once a recovery is in progress. Americans are starting to save more, and they may not return to their free-spending ways for years. "There is good reason to believe the capitulation of the American consumer has only just begun," said economist Stephen Roach, chairman of Morgan Stanley Asia. Ajay Chhibber, director of the Asia bureau at the United Nations Development Program in New York City, says the tigers can't expect to weather this recession by temporarily increasing government spending to boost growth until Western export markets recover. "The model where...
What's more, experts say bug spray and other lagging products shouldn't expect a rebound anytime soon. The back-to-basics movement is here to stay. "There's an interesting psychological effect happening right now," says DeMott. "It's permeating every consumer segment. People think they have to hunker down, no matter what their socioeconomic status." So start stocking your shelves. We're now a country of cocooners...
...wasn't actual good news driving other stocks higher. Nine out of 10 issues on the New York Stock Exchange advanced: some, surely, the start (or continuation) of a long-term upward trend. But should a fabulous day in the market be taken to indicate that a broader market rebound is under way? Probably not. We can hope for that, but in the interest of managing our own expectations, let's not count...
...which included a 34-point contribution from co-captain Emily Tay. Dartmouth is also going into tonight’s tense encounter hot after the Big Green easily took care of Brown with a dominant 64-43 win. Sophomore Brittney Smith led Dartmouth with a 20-point, 11-rebound performance, and will be one player the Crimson will need to stop. The last time the two teams met, Smith put on a clinic with 18 points and 11 rebounds. She will be seeking to secure Dartmouth its 17th division title and a tournament berth. Harvard seems to have history...