Word: trough
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Grunwald's story contains the most gems per paragraph of anything I have ever read. His analyses of the problems, the opportunities, the pitfalls and the inevitable lining up at the feeding trough are all spot-on. I especially liked the admonition to give the money to the people who can't afford to save it. That money will go straight to the free market--even though my wife and I will most likely save anything we get. Paul Bliss, SAN DIEGO...
...that would be the lowest rate since 1990. But the data released Thursday did show some unexpected signs of life. Industrial production revived slightly in December, and loan growth surged. Merrill Lynch said in a report that the fourth quarter of 2008 and this current quarter could be "the trough of this growth cycle," as government stimulus and loose monetary policy begin to boost domestic demand. The data gave enough hope to Credit Suisse's Tao to convince him to keep his 8% GDP growth estimate for 2009. "Double-digit growth won't come back in the next...
...those measures aren't enough to stop the bleeding, deeper cuts could follow. "If the economy improves, maybe we won't have to be as aggressive," says Frey. "But if it seems to linger and we stay down in the recessionary trough here, who knows...
Americans in the economic trough this holiday season will find fantasy solutions to their money woes in the weekend's two big new movies. Wouldn't it be nice if Jim Carrey were your local bank officer, who smilingly approved every loan, even if your need were bizarre and your collateral nonexistent? Wouldn't your soul be soothed if Will Smith were a Treasury agent who gave you a six-month extension on the pile you owe the IRS? You needn't be a financial tycoon to get a home- or pension-saving Christmas gift - not when these two stars...
...recession has ended before you buy, you'll all but miss the corresponding rebound in stocks. One model dating back to 1926 shows that a high-quality portfolio of just 60% stocks (and 40% bonds) returns an average of 11% per year in the first five years following a trough in the economy. That may be all you'll need to get even...