Word: augustness
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...these worrywarts was Alan Greenspan-a man not known for his gloominess (or his intelligibility). In August 2005, when he was still Federal Reserve chairman, Greenspan attributed what he called "lowered risk premiums" to the economic stability of the previous decade and said higher asset prices might reflect "the increased flexibility and resilience of our economy." But he warned that investors could turn cautious at any moment and that "history has not dealt kindly with the aftermath of protracted periods of low risk premiums...
...Premature Politicking Re "The race is on" [Feb. 5], about the early start to the U.S. presidential campaign: I am a U.S. citizen, and I propose that there be no campaigning until May 2008. The parties should hold their primary elections in June and their conventions in August and September, leaving September and October to finish campaigning and debating. Ah, yes, and let's cap campaign spending. Stephen C. Schulte Hermée, Belgium...
...just an engagement party. We called the event at our Queens apartment last August 12th an engagement party for my brother and his new fiancé. My brother, his fiancé, my mom and my dad (Pops) and I invited every friend in the tri-state area for a fun afternoon of catching up and celebrating.But we didn’t come together just to celebrate my brother’s engagement. Everybody except my cousin’s toddlers knew why we got together on that hot afternoon. Two weeks later, we repeated the event, but this time without...
...Alan Greenspan, Bernanke's august predecessor, this week painted a gloomier picture, predicting a slowdown late in 2007. Speaking via satellite link to a business conference in Hong Kong, he declared, "When you get this far away from [the last] recession, invariably forces build up for the next recession, and indeed we are beginning to see that sign." He added: "For example in the U.S., profit margins ... have begun to stabilize, which is an early sign we are in the later stages of a cycle...
...confidence rose this month to its highest point in more than five years, propelled by rising wages and more jobs. The Conference Board's index increased to 112.5 from 110.2 last month, and the percentage of those saying jobs are hard to get fell to its lowest level since August 2001. That news seems to bolster Bernanke's upbeat view, and his argument that consumers are the ``mainstay'' of an economy heavily dependent on their spending...