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After an initial surge of negative sentiment following their peak, and now that they have declined further, some analysts are once again turning positive.
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This suggests that while negative equity and delinquency are most common among peak-bubble purchasers, these borrowers are not significantly more underwater than purchasers in earlier years.
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Science shows that peak performance in endurance athletics tends to occur either at negative or even splits, which happens when athletes start out slow enough to run the second half faster and the finish faster still.
WSJ: Menu
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There has been much criticism of the loans above 100% that were available at the peak of the housing boom, which immediately placed borrowers in negative equity.
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There were five quarters of negative GDP growth, with GDP in early 1975 some 3% off the peak of two years prior.
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This basket of the biggest public companies in the U.S. had spilled into negative territory earlier this month after it had retreated 7% from its late April peak.
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As one might expect, the transaction years in which negative equity and delinquency are most common are the years in which the housing market was at its peak.
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The good news here is that Bovino has lowered her recession possibility forecast from a peak of 40% from last fall, when recession fears soared amid a raft of negative events.
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It is currently at its lowest reading of all time, and is negative for just the second time ever (the first time was in October 2008, around the peak of the financial crisis).
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Since the mid-November peak, however, Buzz has been falling among men, and recently dropped back into the negative territory it occupied since before the premier of the ad.
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While this is a positive downtrend from the inventory peak of 4.58 million units in July 2008, the inventory overhang is still having a negative effect on prices.
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