1. As the economy stalled, soaring inflation eroded the salaries of government officials like the Funidis. 2. Bank of Japan Gov. Yasuo Matsushita said yesterday that although the economy has stalled and the positive cycle of growth is weakening, the economy is not in recession. 3. But Fed officials said they were by no means convinced that the economy would stall or even slow to a noninflationary pace. 4. But the attacks have quashed any potential growth in demand as the economy has stalled and many believe gone into recession. 5. Investors may need greater evidence that the economy has stalled, rather than slowed, before driving rates much lower this week. 6. Japan has been dealing with just such a situation for several years, with prices falling, the economy stalled and rates just a notch above nothing. 7. Nonetheless, many private analysts pointed to disquieting elements of weakness in the monthly tally that might lead to the economy stalling in the months ahead. 8. Now that the economy has stalled, Bush and his advisers want to use tax cuts to help the country out of the slump. 9. Once an economy stalls, it is hard to arrange a soft landing. 10. Similarly, if the economy stalls out, the anxieties that harder times always unleash would come into play, from social policy to trade. |