The pall that has loomed over the market for six weeks grew gloomier on the heels of fresh announcements of accounting irregularities.
So the incremental damage from this new bad idea might be limited.In a deflationary trapSince bad loans and bad companies will continue to survive, the prospects for bolder monetary policy also grew gloomier this week.
Massive Attack, a group from Bristol, England, that defined trip-hop in the early 1990s, has only grown gloomier, artier and more politicized through the years.
Indeed, the bank said yesterday, the economists' outlook for employment has grown gloomier even as their predictions of economic expansion are becoming more robust.
But while Mr. Cumpsty's Richard grows gloomier and grumpier as the tides turn against him, he does not transmit a current of real malevolence.
"As the economic situation grows gloomier and more people have been forced into poverty, we can only imagine that this number has grown," says Abeer Etefa, a spokeswoman for the WFP's Middle East and north Africa office.
"After three big downgrades in a year" of estimates for ad spending in 2001, "our forecasts have stopped growing gloomier," said John Perriss, chief executive at the Zenith Optimedia Group in London, a media services agency owned by the Publicis Groupe and the Cordiant Communications Group.
The scenario grows gloomier when one considers that some of these attacks are alleged to be the result of inter-establishment quarrels and not insurgent infiltration.
Consumer confidence fell to its lowest in three months in early February as sentiment grew increasingly gloomy over an economic downturn that most expect to last up to five years, according to another survey, the Reuters-University of Michigan Surveys of Consumers.
That contrasts with the Ifo institute's findings, published Thursday, showing German businesses growing more gloomy.
Other data showed consumers growing increasingly gloomy about the economic outlook while business inventories increased and sales slumped.
