Word: slowdowns
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Dates: during 2000-2009
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...already at an all-time high.) Even the bullish Lereah is concerned about the loose lending practices. Such trouble would have repercussions for the whole economy. If enough homeowners become swamped by their debts and have to sell, prices would drop, creating a reverse wealth effect and fueling a slowdown...
After coping with a post-9/11 slowdown and an oversupply of grapes, the global wine market is regaining the tremendous growth it enjoyed in the '90s, and one leading reason is Gallo. The world's second largest wine company, with estimated sales of $3 billion (after publicly held Constellation Brands, whose series of acquisitions brought sales to $4.1 billion), family-run Gallo has the industry's top research and marketing staff and has become legendary for seizing on consumer trends--whether they were jug wines in the '70s, Bartles & Jaymes wine coolers in the '80s or development...
...gasoline could reach $5 a gallon within the next few years. There will always be blips in both directions. A hard landing for the Chinese real estate market, for example, could stall growth and cause a sudden drop in oil prices. "People would be terrified [by such an economic slowdown]," says Jim Rogers, a prominent commodities investor. "But it wouldn't last." Politics can also create short-term volatility: trouble in Saudi Arabia or political instability in Venezuela, Russia or Iran would cause price fluctuations. So could speculators. Last week's $5-a-barrel price dip came thanks to profit...
...back room of his favorite Chinese restaurant or totting up profits of his best-selling computer programs, Philippe Kahn, 33, the unconventional founder and president of Borland International, relishes his self-styled role as the "Crazy Frenchman" of the software business. And while other executives bemoan their industry's slowdown, Kahn, whose sales have zoomed from zero in 1983 to an estimated $30 million this year, simply says, "I don't feel the slump...
...Will the slowdown continue? That was the main question taken up at a meeting of TIME's Pacific Board of Economists in Hong Kong. In their annual forecast, the economists agreed that East Asia would spend another year in the doldrums. Though the board members expect a slight acceleration of growth rates in South Korea, Taiwan and Singapore, they foresee further declines in Japan, Hong Kong, Malaysia, Thailand and New Zealand. Said Edward Chen, a board member and director of the Center of Asian Studies at the University of Hong Kong: "I do not see a very bright picture...