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be on the skids

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be on the skids (informal)
to be having a lot of problems and be likely to fail. I hear their space programme is on the skids.
See also: skid

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IPOs and other stock investments may be on the skids these days, but that didn't stop the Century City law firm of Alschuler Grossman Stein & Kahan LLP from playing on the recent market frenzy.
 
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