Word: straszheim
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Dates: during 2000-2009
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...only a turn in sentiment." But that's dependent upon factors such as an easing of China's inflation rate, not on China's success in track and field events. "It is a mistake to try to tie China's stock-market performance to the Olympics," says Donald Straszheim, chairman of the research firm Straszheim Global Advisors. So a few years from now, when punters are urging you to buy shares in the U.K. simply because London will be hosting the 2012 Summer Games, remind them what happened the last time investors tried to bet on gold, silver and bronze...
...steel is insatiable, and companies are ravenous for bank loans to finance their expansion. China's central bank boosted interest rates in April, but there's still the risk of an explosive burst of inflation that could cripple economic growth. Even if inflation remains in check, says economist Donald Straszheim, China is likely to face severe blackouts as its inadequate electrical grid struggles to supply enough energy to power the economy...
...accounting, those who stop looking for work aren't unemployed), which meant there were more job seekers to be disappointed. "The job market will recover, but very slowly, because businesses lack confidence in the strength of the recovery and they do not want to hire prematurely," says Donald Straszheim, a West Coast forecaster...
...sector, which accounts for 80% of U.S. employment. Although the economy has shed 394,000 jobs since the end of January, the S&P 500 index is up nearly 8.5% so far this year, and the lowest interest rates since 1958 are keeping the housing market strong. But by Straszheim's bearish reckoning, full-year growth for 2003 may amount to little more than 2%. That could pose a problem not just for workers but also for President Bush as he gears up for the 2004 election. If things don't improve, he could be the first President since Herbert...
Only a slip back into recession--the dreaded double dip--could take stocks much lower, says Straszheim. For that reason, he and others worry about the latest tea-leaf readings. Gross domestic product grew at an annual rate of just 1% in the second quarter, down from a 5% clip in the first quarter. And the recovery in manufacturing appears to be slowing. Such worries helped erase part of the market's recent gains, as the Dow fell 230 points on Thursday and an additional 193 points on Friday...