Word: unravelingã
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...Although The New York Times quoted one trader as saying that “you felt like the world was unraveling?? and another as claiming that “it felt like there was no ground beneath your feet” last week, bankruptcies are sometimes as inevitable as they are necessary. They ensure that when one segment of the economy grows out of proportion as the financial sector did, it will eventually shrink. That certainly does not imply the process is painless, but it is also not apocalyptic, as some market participants insist, with a healthy dose...
Just as Bostonians enjoyed the Diamondbacks’ Yankee-slaying as if it were their own, nearly every Democratic victory since 9/11 has been vicarious. Bush’s recent unraveling??thanks to Reagan-era budget deficits, Iraqi WMD deficits and a deficit of White House candor in response to a traitor within its ranks—has brought the Democrats a tremendous opportunity they did nothing to earn...
...Krugman, analysis of the Dow also requires analysis of George W. Bush. Krugman explains in The Great Unraveling??s preface that he hopes his book will show how “taken together these columns tell a coherent story...
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