Nobody cares about the U.S. diamond jewelry – china Hydraulic Piling Rig – Waterwell Drilling Rig manufacturer
More than a month ago, the famous New York Fifth Avenue store owners who would find something a bit wrong: crocodile handbag design is no longer attractive as soon as a few months ago disappeared from the shelves, dazzling diamond ring Jewelry is also very little to attract the buyers.
Just two months ago, most economists seem to be immersed in the U.S. for many years into the economic rise of sweet dreams, their eyes still fixed on the "mirror" on. Remember an interview with reporters on Wall Street, several economic experts agree that even if the U.S. economy, "landing", it would be neat "soft landing." For them, the Fifth Avenue handbags and jewelry can say? More representative of significance should be those statistics. Such as the unemployment rate remains at 4%; real estate prices have gained, but the market is still booming trade. For example, the Manhattan East 1 set One Bedroom apartment, five or six years ago, selling 250,000 U.S. dollars, are still much sought-after prices doubled.
Change began to emerge. These days, newspapers, magazines, turn on the TV, call a "hard landing" More and more people. Economists are finally starting to pay more attention to the road ahead, because the car had jumped the road in the rugged. Bad news after another: rising oil prices, the Middle East crisis, presidential election stalemate in vain. Look at the two presidential candidates fighting it. Chimed in the people are shouting the same thing: quickly to decide which "dimple" vote (ie may not punch the ballot paper punch) the fate of both the U.S. economy could not stand or even. Cloud on Wall Street over the sound of their cries gathered on behalf of the new economy NASDAQ index is more than 5,000 this spring from the highest point all the way down to November 30 of 2594.78 points, or more than 50%.
A year ago, when people are wondering is the stock market peaked; can now, when people worry that the stock market bottom. The past, analysts are often used to see from the low of the high points, but now they have to look at from the high low. There's a Wall Street analyst on hand to provide the two data. One is the Merrill Lynch technology index. The index in October 1998 to September this year, nearly two years, an increase of 4 times; available from September this year, just three months to the present burst into rapid decline by 44%. All other data is the total stock market value of the Internet. 1995 from scratch, beginning of this year reached the peak of 1.4 trillion, now down to 6,000 billion. To see these two people who presumably will feel the same data: there is still room for fall.
Many people have hopes of revitalizing the U.S. economy to the United States of "economic helmsman," Greenspan. To him, life is not better. Nasdaq soared and squeezed out the bubble, of course, would help the development of its new economic stability, but the stock market so the brakes, it may not be able to brake just right. Do not forget, this country 50% of households have to vote. A sharp drop in the stock market, they naturally follow the economic strength decreases rapidly. Once a substantial decline in the purchasing power of the U.S. economy would "soft landing"? That is probably why so many economists are closely watching consumer market reasons for the change: in the U.S. consumer market to account for their gross domestic product at 2 / 3.
From now appears that the consumer goods market is not magic. Wal-Mart, Best buy (BestBuy), home storage (Home Depot) and so a pick one of the major supermarket chains or department stores have issued a profit warning. Together with those who have lower earnings forecast car and computer manufacturing company, what allows people to hope for the future? Maybe is this coming Christmas. Who can guarantee that when this last one, "resort" disappeared, each company's annual press performance will be as large as investors had hoped to improve? If the company performance still poor, it in turn to what Wall Street features to meet the investors?
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