Word: slowdowns
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...other words, despite the palpable slowdown, the consensus of the Time economists was that the lengthiest business expansion in U.S. history will continue in 2001. Says Baily: "I don't see any reason for it to run out of steam if the policy environment is right...
...full of toys began to grate on my developing rationality. I enumerated a number of problems with the "Santa Hypothesis" ordered by degree of disquietude created: 1) The Logistical Problem: Too many houses existed to visit them all in one night. Counter-argument: Santa might have been able to slowdown or stop time. 2) The Production Problem: The availability of raw materials at the North Pole seemed fairly limited. Also, Santa Inc. did not seem like a viable business, what with all the pro bono work. Counter-argument: Santa could be the Rupert Murdoch cross Willie Wonka of toy sellers...
That's a long process, one that will probably coincide with an economic slowdown (or recession) followed by another expansion. Thinking it can all work out in just one year is absurd. But so is the most pessimistic view. Technology spending is slowing, but only temporarily. Tech remains a long-term growth industry, and when it revives, tech stocks will again outpace broader market measures...
Having faced bankruptcy roughly once a decade for the past half-century, Chrysler is no stranger to market adversity. But this time around, the merger really threw the team off its game. As the entire auto industry braces for a slowdown (General Motors and Ford are warning of sales declines beginning this month and into next year), Schrempp and his new Chrysler team are struggling to come up with a rescue plan...
More worrisome is a broad slowdown in the crucial area of tech spending. It's no secret that tech is the ox that for years has pulled the market higher. Other industries, including retail and autos, are already in profit recessions. Without a vibrant tech sector, there is little to drive overall corporate profits higher...