Word: recoverable
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Dates: during 1990-1999
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"It depends on how long we have to wait and how long it takes them to work through the site and recover everything that was found," he said.
Still, it is hard to escape the feeling that a dangerous complacency is setting in. When Mexico started to recover from its 1995 "tequila" crisis, policymakers and investors alike acted as if it had been a one-time event, never to be repeated. But it turned out to be a...
Why own them at all? They've been down a long time, and if the economies of emerging nations take flight those nations' companies--potentially among the fastest growing on the planet--will soar in value. Even though the long malaise in Japan illustrates that an economy can take decades...
These strategies do not tell the full story behind this year's profit rebound. The Asian turmoil that burned Hewlett-Packard, Rockwell and many other U.S. companies in 1998 has yielded to a weak recovery that is at least less profit-destroying than a continued collapse. Contrary to all predictions...
The only reason interest rates are even as high as they are now, says Charles Clough, chief investment strategist of Merrill Lynch, is "the bond market's proclivity to identify growth with inflation." But that proclivity, in the board's opinion, is simply wrong: there is no inflation threat scary...