Word: hoarding
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...Fornelli notes that the improvement came even though a hoard of bad news shook up the markets between last year's summer survey and this year's fall survey. "Unemployment went up significantly, you had problems with AIG and Lehman Brothers, the stock market went down - so the indicators of the economy got worse and yet confidence has leveled off," she says. Of course, you could also say that the two surveys bridged the worst months of the financial crisis, but it's positive nonetheless that current investor confidence is a tad better than pre-Lehman levels. (See 25 people...
...tempting to just stand stock-still and squeeze your eyes shut and wait for the moment to pass, or else hoard canned goods and assume the worst. This has been an awfully ugly summer of argument, and you'd be forgiven for concluding that we've lost our will to face or fix anything. We'll just dance with the devils we know, thank you. But if you look past Washington, past Wall Street, turn down the volume and go outside and walk around, you'll find the parcels of grace, of ingenuity and enterprise - people riding change like...
...hoard your money under the mattress just yet. After all, the $9 trillion figure is just an estimate, and who knows what the economy will look like in 10 years. With any luck we won't be in a recession anymore, so revenue will be up and stimulus spending will disappear. The real budget problems lie in the long-term programs, such as Medicare and Social Security: Medicare's 2003 prescription-drug program has added nearly $1 trillion to the deficit and baby boomers' looming retirement will stress Social Security's already financially precarious situation. It's one thing...
...Depending on the hour during which you choose to chow down, the ’Berg might be calm, quiet and nearly empty. But, more often then not, the towering edifice seems to house all of Massachusetts, as your screaming classmates frantically hoard chickwiches and attempt to make friends...
...also begin extricating itself from the "dollar trap," in which the country, through its trade, amasses giant surpluses of dollars, which forces it to invest in dollar assets. This is why China, which holds $805 billion in U.S. Treasury securities, is the U.S.'s largest creditor. But this dollar hoard makes China's national wealth vulnerable to the whims of Washington's economic management. One of the reasons Beijing has been urging a gradual reduction in dollar dependence is the massive losses China could suffer if the value of the greenback was to erode as a result of U.S. deficit...