Word: baumohl
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Dates: during 1990-1999
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...Semion Mogilevitch. All this makes the Bank of New York look either complicit or stupid - and the IMF look just plain stupid, at least in the eyes of its congressional critics, who have been carping about profligate lending since the Asian crisis began. But TIME senior economics reporter Bernard Baumohl points out that the IMF?s Russian loans "are just as much political decisions as financial or economic ones - an unstable Russia is deemed too dangerous to abandon, and the loans help keep up ties with Washington." And just think ?- some of that cash is flowing right back into...
...record territory. And all this on the eve of a rate hike? Welcome to the "discount" rally. "It?s not so much whether Greenspan raises rates or not, it?s how sure they are that they know what he?s going to do," says TIME senior economics reporter Bernard Baumohl. "Right now they?re sure ? they?ve discounted for the rate hike over the past few sessions, and today the rally...
...meets on August 24, Alan Greenspan will nudge up interest rates by a quarter point, and just a quarter point. "If you look at the general slope of the numbers, it?s apparent that inflation pressures are picking up a little," says TIME senior economics reporter Bernard Baumohl. "It?s not out of control, but it gives the Fed a good opportunity to move...
...ever-cautious Greenspan, the slow-news dog days of August are the perfect time to put rate worries to bed for the year. "First of all, he?ll want to make sure there?s enough liquidity in the money supply to deal with any Y2K disruptions," says Baumohl. "And he knows that as the political campaigns heat up, there?s going to be debate about the economy. He doesn?t want to be part of that rhetoric." Which could be rough on Steve Forbes. But Al Gore will be thankful for a domestic economy that?s nice and domesticated...
...this have been rare lately, though, and one gloomy Tuesday hardly means they?ll be coming thick and fast in the near future. "The economy is strong, the Fed won?t raise rates in August, and earnings, as a whole, have been excellent," says TIME senior economic correspondent Bernard Baumohl. "There?s no real reason to be concerned about the stock market...