Word: stockely
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...time shifting into high gear. It begins in the middle of a car chase, with Bond's Aston Martin being pursued by a convoy of nasty cars on the hairpin turns of a mountain road outside Siena, Italy. Doesn't matter if the bad guys have enough artillery to stock a Third World uprising; Bond's superior driving skills, and the series' reluctance to kill off its hero in the first reel, make him the victor and survivor. At one point on that narrow winding stretch he negotiates a 360-degree turn, maybe a 720 - with all the flashy editing...
...With the stock market shedding more than a third of its value this year, pension funds at big companies have been battered beyond recognition. What looked like safe stowaway spots where corporations securely tucked away assets for their employees' retirements now look like roller-coaster funds. In addition to sending shivers up the spines of employees who count on that income, the problem also threatens to haunt the bottom line at many major firms. Williams says some may be forced to consider mergers to accumulate bigger asset bases or may have to sell off strategic assets...
...Click here for the Top 10 Scared Stock Traders photos...
Corporate fear stems in part from sliding consumer confidence, which this week hit its lowest point ever recorded. "Consumers have been impacted by a serious downturn in every form of wealth and income that supports consumer spending, and battered by high levels of volatility in their stock accounts," says Stuart Gabriel, professor of finance at UCLA's Anderson School of Management. The diminished value of stocks, falling home prices and fears about potential unemployment combine to create a negative "wealth effect," making consumers feel poorer. As a result, they spend less. Robert Hansen, professor of business administration at Dartmouth...
...over. It's going to be the worst economic time since the second World War, and that's because we had the worst excesses since the second World War. Certainly in the financial community what the governments are doing - they're making mistakes. In 1929 we had the stock market bubble pop, which was leading to a recession, but then the politicians all over the world made a lot of mistakes and turned what should have been a normal recession into a depression. I see the politicians making mistakes now, which may turn this into much much worse than...