Word: buying
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...like to wait and buy things when nobody wants them - that's when you get the best values," says Icahn, who made his investments through bankruptcy-court proceedings. But he cautions that the sector still holds considerable risk and that a rebound could be many months or even years away. "Only a fool will tell you they can pick the bottom," he says...
...gaming market. "[Carl Icahn] has always been a very astute investor," concurs Clyde Barrow, a casino expert and professor at the University of Massachusetts at Dartmouth. "There's a lot of upside potential, and if you're investing for the long term, now is the time to buy." (See pictures of hard times in Las Vegas...
...economist Xie points out, residential prices in China relative to per capita income are far and away the highest in the world. The housing price-to-income ratio in urban China is over 20, which means it takes the average citizen's total wages for 20 years to buy an average dwelling. (By comparison, the highest housing affordability ratio for a U.S. city - Honolulu...
...residential housing transactions are financed with mortgages.) One of the reasons for this is that, just like Yang, many Chinese have been moved out of formerly state-owned housing units in urban areas as part of redevelopment projects. The compensation payments, supplemented by some savings, are usually enough to buy decent apartments out of town. Economist Xie calls these resettlement payments "probably the most important government action supporting today's economy." And the fact is, Chinese municipalities are not even close to the end of such resettlement schemes. (See pictures of Beijing's changing skyline...
...reality, Deere is following its customers. For decades, smaller U.S. farms have been replaced by industrial, or factory, operations. It's not the storybook farm, but it's more efficient. "The amount of money a dealer has to invest to train its technicians or buy diagnostic tools continues to grow," says Deere CEO Samuel Allen, a company lifer. "So to be a great dealer requires making more money and that's gotten harder for smaller operations." (See pictures of farm land in Nebraska...