Word: stanleys
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Consider also that in the past 70 years, there have been 11 stock bubbles and that every one of the ensuing busts included a fake-out rally of at least 30% and lasted at least two years before fully washing out, says Barton Biggs, chief global strategist at Morgan Stanley. "This kind of bounce is what you expect," he adds. You also expect it won't last. The pullback, when it comes, will be severe if accompanied by news that suggests the economy won't rebound this year...
...move, making road movies. Tsai Ming-liang (Taiwan) and Jacob Cheung (Hong Kong) went to France; Cheung also touched down in Africa, as did Iran's Abbas Kiarostami. And although Hong Kong is now officially part of the People's Republic, a trip to Beijing (for Mabel Cheung and Stanley Kwan) or Suzhou (for Yonfan) can still be a journey into the exotic or forbidden unknown...
Next year, he estimates, the tax cut would make the difference between 2.6% and 3.4% growth. He believes the tax cut would significantly buoy employment and do little to stir inflation. Adds Richard Berner, chief U.S. economist at Morgan Stanley: "These tax cuts are a big deal. The tax-cut train has left the station, and it is clearly going to be stimulative...
...much as it seems fair for Bourque to get fitted for a ring, it isn’t going to happen. Bourque ran into the dynasty of the 1980s in his previous trip to the Stanley Cup finals, and this year, he is going to find himself up against the current dynasty, the Devils...
...behind the bench, the Devils’ Larry Robinson has never lost a Stanley Cup final, taking home seven as a player and coach...