Word: slowdown
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...Whose slowdown is it anyway...
...INVESTMENTS This is a bad time to dump stocks, which are already priced for a severe slowdown. They will fall further if a recession occurs. But if growth accelerates at the end of next year, as many expect, the market will lift off in advance. Stay diversified and mainly in blue chips. With mutual funds, consider those that invest in an index. Their lower fees help performance in a tough market. With bonds, longer maturities are best as rates fall...
...coverage is rising, but underwriters offer highly specific policies. A good driver in a tanklike SUV (less likely to be hurt by bad drivers) can get a rate cut. Sounds wacky, given that SUVs are more likely to cause injury to others. But, hey, like getting frugal in a slowdown, it's O.K. to think of yourself first...
...Greenspan kicked off the Clinton legacy in 1992 by selling the incoming president on deficit reduction, and in 2000 he'll be the gatekeeper for Bush's tax cut. This is also Greenspan's slowdown - he started it off himself with six interest-rate hikes that ended last spring, and if the soft landing gets ugly, it'll be Greenspan's shame, not Clinton's or Bush...
...Ayodhya issue. Some observers believe that he may be doing this as something of a distraction for his supporters, trying to create political space for himself to push through tough economic measures, which he desperately needs to do. The government is basically bankrupt, and India is facing an economic slowdown. We're heading back into a terrible mess, but in a democracy as politically fractured as India's, it's hard to cut government spending. The alternative is privatization - the government owns everything from hotels to car factories, and all they've managed to privatize in recent years...