Word: alan
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...Alan Greenspan just got some great news, but Wall Street had better pray that he sees it that way. Although the U.S. economy posted a heady 7.3 percent annual growth rate in the fourth quarter of 1999 - almost half a percentage point above preliminary figures released a few weeks ago - the consumption frenzy didn't roust the beast of inflation from its slumber. On the contrary, the accompanying inflation indicator, the GDP price deflator, actually came in belowthe figure reported a month ago. And the good news didn't end there: U.S. exports rose by 10.1 percent (2.3 percent above...
...speed limit set by the Fed, and yet inflation pressures are actually diminishing," says Baumohl. "That challenges the Fed's basic assumption that the economy can't experience prolonged growth above 3.5 percent without inciting inflation. That's exactly what we've seen for several years now, but Alan Greenspan still believes we're overheating...
...What they got was a 194 page prospectus that Alan Dershowitz would have had a hard time understanding," Braude says...
...managed to construct an entire parallel universe of lies, more real and more politically efficient than the truth. As the historian Alan Schom has written: "On returning to France... much to his utter astonishment, the thirty-year-old Napoleon Bonaparte found himself greeted by a madly exuberant French people who knew little of his phenomenal disasters and instead saw only the man who had captured Malta, the Pyramids, and Egypt, the latter-day republican crusader who had taken Cairo from the heathens...
Never mind Wall Street; Alan Greenspan wants Main Street to tone it down a bit. Greenspan issued another rate hike on Tuesday, a quarter-percent rise that brings the Fed's short-term interest rates to 6 percent - a five-year high. For a change, neither the NASDAQ nor the Dow flinched; traders have expected the hike for weeks. If Greenspan's plan works, the rate hike (and the two or three additional increases expected in coming months) will have a three-faceted impact on slowing consumer spending, aaccording to a plan outlined last month in the Fed chief...