I watch the sky for a prospect to fall: an afternoon flash of fortune.
Many times before Africa's prospects have brightened only to fall prey to war, kleptocracy, and crashing resource prices.We put the question to the economists at Economics by invitation: is Africa poised for steady, rapid growth?Lant Pritchett suggests that the question itself leaves something to be desired it makes little sense to speak of "Africa":[T]ake the 45 countries in Sub-Saharan Africa. Sub-Saharan Africa
And French GDP will fall in 2013 by 0.1% (rather than rising by 0.1%).In southern Europe, the biggest deterioration has been in Cyprus's prospects, with GDP now expected to fall by 8.7% this year (as already indicated in a leaked document from the commission last month) rather than 3.5% as in February.
But as summer rapidly turns to fall, the prospects for positive action are appearing to dim.
Many analysts say the dollar has further to fall, a prospect that may be good news for the United States because it will make its goods and services more competitive.
The prospect caused the Greek stockmarket to fall by almost 13% on December 9th, its worst one-day decline since 1987.If Syriza does take power and demands a renegotiation, or cancellation, of Greece's debt, Europe's leaders will face a tricky choice between what might be called the "Frozen" and "Buzz Lightyear" options.
But with the price of existing homes continuing to fall, and the prospect of more foreclosures, he could again price himself out of the market.
Didn't he flee the United States when the plea bargaining seemed to fall apart, raising the prospect of prison time?
But over the past three seasons, as he has collected $32.5 million from the Cubs while mostly sitting on the disabled list, Wood's story has come to symbolize all the nightmarish possibilities for young pitchers — how heralded prospects fall prey to the whims of their managers, how the efforts to protect their fragile arms from injury may actually put them in danger.
Mr Greenspan's appeal quite remarkable for a central banker in an economy that is already deep in debt that banks "should now guard against allowing the pendulum to swing too far the other way by adopting policy stances that cut off credit to borrowers with credible prospects," may fall on deaf ears.Prospects are even gloomier in the corporate-debt markets.
