Word: roberte
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...mount that the loose monetary policies put in place by central banks worldwide are creating potentially destabilizing increases in property and stock prices. "Asset bubbles could be the next fragility as the world recovers, threatening again to destroy livelihoods and trap millions more in poverty," World Bank President Robert Zoellick recently wrote in the Financial Times. Property-market analyst Nicole Wong at brokerage CLSA argues that Hong Kong may inevitably be heading for "another boom and bust" in its real estate sector, due to a combination of tight supply and easy money. "The answer to the question could there...
...reason. The fundamentals are great, the experts tell us. Innovation is creating new opportunities and new wealth. We've gotten better at managing risk. After a few years of market trouble, though, the tone changes. "When the trend is sideways to down, they think the machine is broken," says Robert Prechter. "Jeez...
...that's happened only at a few off-the-beaten-track colleges. But mainstream economists, who had long dismissed market cycles as nonsense, have begun to come around at least a little. Yale's Robert Shiller describes market booms and busts as the product of fashion and animal spirits. A trio of academics revisited a famous 1934 paper that debunked the predictions of Dow theorist Hamilton and found that, adjusted for risk, Hamilton's predictions beat the market. MIT's Andrew Lo, a top finance scholar, has made technical analysis one of his main research topics. So maybe there...
...child of perhaps 11, raised in a postcivilized era in which a lone can of Coca-Cola is a treasure, encounter no miraculously budding tree in the wasted landscape, no fish jumping from a dead ocean. The best they get is a rheumy-eyed old man (the great Robert Duvall) who considers death a luxury. Bands of cannibals rule the land, favoring children as meals. It's hopeless except for, as in McCarthy's book, the driving force of the narrative: a father's fierce devotion to his child. "The child is the warrant," Mortensen tells us in voice-over...
...Europe and Asia get destroyed along with the U.S.) After biding its time since early November, A Christmas Carol saw a 30% bump from the previous weekend, to finish fifth. Audiences decided, since they had started their Christmas shopping, that it might be time to see a holiday movie. Robert Zemeckis' CGI spectacular, which cost at least $200 million (as did 2012), still has a way to go to break even: 26 moviegoing days until Dec. 25. (See cinematic visions of the apocalypse...