Word: kadlec
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...almost 300 points. But this time, take notice: It's Wall Street's way of saying that a recession may be on the way. "Recessions are hard to spot -- you don't know you're in one until it's half over," says TIME Wall Street columnist Daniel Kadlec. "But the market usually sees it first and declines ahead...
...Tuesday's nadir, the Dow had lost 762.87 points from its record high of 9,337.97 on July 17. And although the indicator is still up 8.4 percent on the year, that figure was once 18 percent. Is the boom of the Clinton years finally over? Kadlec says that with so many people with money in the stock market, recession worries could be self-fulfilling. "The effects of Asia are hitting U.S. companies hard, but consumers at home are still spending," he says. "But if the stock market stays gloomy, people are going to stop feeling wealthy." And that will...
...Yahoo's earnings prove it's the strongest company in the group, says TIME Wall Street columnist Daniel Kadlec. Will it turn out to be the next Microsoft? "That's a crazy bet to make and yet everybody's making it," Kadlec says. "Yahoo is riding a mania for Internet stocks, just like the mania for biotech in 1991. These stocks have so much room to collapse." Indeed, in announcing only a 2-for-1 split Wednesday (effective in August), Yahoo might be signaling that it knows some bearish days are coming. Notes Kadlec: "A $200 stock price means Yahoo...
...banking system, the Japanese Prime Minister said he favored permanent tax cuts as the other half of a strategy to revive the moribund Japanese economy. "This was the other major step that the U.S. has been seeking on behalf of the entire region," says TIME Wall Street columnist Daniel Kadlec. "Cleaning up the bad debt allows banks to start lending to businesses again; tax cuts give Japanese people more money to start spending again...
...responsible role in managing the Asian crisis while Tokyo is berated for its failure to act telegraphed an important message to Japanese leaders. "Japan's recession can drag the whole world down with it, and the Administration has been upset with Hashimoto's failure to act," says Kadlec. "Washington has been doing whatever it can to put pressure on Japan to save its economy." Crossing the playground to make nice with Beijing may have done the trick...