Word: sixes
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Where do you see the economy going over the next six to 12 months? The economy should be relatively strong in the first half of 2010, then weaken in the second half. That's not to say we'll return to recession, but we'll see weakness as opposed to a continuation of what will probably be a decent first half...
Meaning ... Over the past six to nine months, the 60% pop off the bottom, not just for stocks but for high-yield bonds, etc., is indicative of a return in perspective to the old normal as opposed to the new normal. We think that 2010 will be tempered, and that doesn't mean bear markets, but it does mean a growing realization that we have a lot of problems and the markets aren't necessarily priced...
...Six Harvard skaters took the ice in Hamden, Conn. Sunday afternoon and each recorded a point in an exhibition game between the ECAC All-Stars and the US Olympic women’s hockey squad...
...remarkably similar to those of the second-term, chastened-by-reality George W. Bush. Indeed, anti-war Democrats groaned when the President, in his Nobel Peace Prize acceptance speech, referred to "evil in the world" and hailed America's willingness to use force abroad over the past six decades as an essential component of global security. The neoconservatives cheered. (See a report card on Obama's first year...
...multilateral talks offering North Korea incentives for refraining from building nuclear weapons. The North couldn't be trusted to keep its word, Bush said, and he wasn't necessarily wrong. But he soon discovered that he had no alternative but to continue the approach of multilateral diplomacy through the six-party talks to coax North Korea into relinquishing its nukes. And that policy remained despite repeated North Korean nuclear and missile tests. Nobody expected anything different from the Obama Administration, and Obama, to his credit, didn't bother to create the illusion that there were any good alternatives. (See pictures...