The subtitle, Luxury in a Cool Climate, referred to the profits downturn that hit global brands this year in the wake of the Iraq war, the accompanying fear of terrorism that depressed international tourism, and the Sars virus.
That is close to the average decline in previous profits downturns.
Also like stocks, the funds can be sold short, to profit from downturns in the market.
Historically, aircraft-leasing companies have tended to profit from downturns, when airlines put off orders for expensive planes in favor of taking them on lease until business improves.
Historically, aircraft-leasing companies have tended to profit from downturns, when airlines put off orders for expensive new planes in favor of taking them on lease until business improves.
This being South Florida, some are figuring out how to profit from the downturn.
No major bank weathered the collapse as well as JPMorgan did under Dimon's guidance, earning him praise for the company's "fortress balance sheet" and ability to make a profit amid the downturn.
The first was the test of the marketplace, which exposed many banks that proved unable to command the confidence of their investors and counterparties or even to make a profit during a downturn.
Britain, which has turned itself into a gigantic hedge fund, but of a kind that lacks the ability to profit from a downturn, is likely to be especially badly hit.
[World Business, Section W.] Paper Maker Reports a Gain The Jefferson Smurfit Group, a paper and packaging manufacturer, reported slight growth in first-half revenue and profit, as the downturn in the United States offset gains in Europe.
