Word: slump
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...just fine, thank you. The economy is humming along-gdp growth was 6.8% in 2006 and is forecast to be at least a respectable 4.5% this year, not bad at all for a mature, first-world city. The stock market has dipped in recent weeks because of the global slump in equities, but is still up about 20% against a year ago. Real estate-a key and much-watched variable in Hong Kong-is robust again, and retail sales rose 7.3% in 2006 from the previous year's figure. It's not just car fumes...
That turnaround is especially sweet for Drexler, who arrived at J. Crew with a down-and-out story of his own, having weathered a two-year slump and ouster at Gap, the company he built into a $14 billion icon over 19 years, most spent as president and ceo. Today, while Gap flails--in January it got rid of Paul Pressler, the CEO brought in to replace Drexler--J. Crew, with only 226 stores, is one of few companies in the overdeveloped specialty-apparel arena with the potential for real growth...
...short-term correction in a rising trend, as the Goldilocks crowd maintains, or are we faced with the beginning of a bear market? I believe it's the latter. For a start, monetary conditions and international liquidity have tightened as a result of slower credit growth and a housing slump in the U.S.-and no matter how much money the Fed injects into the system, housing is unlikely to recover swiftly because ultimately prices depend not only on money creation but also on demand and supply. Equally ominous, equity valuations remain decidedly unattractive in most markets, especially in places like...
...score didn’t reflect the game at all,” captain Dylan Reese says. “It was definitely much closer, and I think we should have won the game.” The Crimson was eventually able to break out of its early-season slump, and rode a three-game unbeaten streak into its next game against Yale, this time in New Haven. Despite the momentum, however, the contest was a disaster, a 5-1 blowout with few redeeming qualities. “The last game at Yale was probably our worst game...
...precision, New Haven kept the final game close, coming within three points after a 5-1 run late in the match. After the teams exchanged points, Harvard took the game with a kill and a Chargers error, wrapping up, 30-25. The final game came after a Crimson slump in the second contest. Harvard attained a much lower hitting percentage of .129, as it let New Haven take an 8-5 lead to start the game. The Chargers’ 13 kills and .222 hitting percentage were not enough to maintain its advantage, however, and a few short runs...