Word: bandholz
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...Teasing the meaning out of such changes is what Fed watchers do - they're sort of like Kremlinologists before the fall of the Soviet Union. UniCredit economist Harm Bandholz interpreted the new wording to mean that the FOMC had decided that "the deflation threat is gone...
Wednesday's stronger-than-expected data on durable-goods orders (up 3.4% in February, but from a January number that had been revised downward) was a "slim silver lining on the horizon," UniCredit Research economist Harm Bandholz wrote in a note to clients. But, he was quick to point out, "investment and exports continue to plummet." (Read "How to Know When the Economy Is Turning...
...Finally, the GDP number reflects the pitiful condition of the U.S. economy at the end of last year and the historical dimension of the current recession," wrote Harm Bandholz, U.S. economist at Unicredit Research, in a note to clients. (See TIME's "25 People to Blame for the Financial Collapse...
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