Word: baumohl
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...rates over the Memorial Day weekend. If, as expected, other carriers follow suit, this third raise for 1999 will zoom fares to an 11 percent increase for the year. It?s a function of classic demand in the midst of a booming economy, says TIME senior economic reporter Bernard Baumohl: "Airlines are experiencing record high traffic by passengers, which has been pumped up by low unemployment, consumer confidence and a rise in personal wealth." At the same time, he notes, airlines have faced increases in fuel prices...
...Bernard Baumohl...
Moved PermanentlyMoved PermanentlyFortune Investor DataThe overall outcome? Don't sweat it, folks. "Once they digest this news, the markets will go right back up," says TIME senior economics reporter Bernard Baumohl. "What they'll realize is that only once in recent memory did the Fed actually raise rates following a bias shift in that direction." Of course, this walk-on-water economy of ours hasn't given Greenspan cause to raise rates in quite a while either; the fear is that that could change. Baumohl says Greenspan, as always, will wait and see. "Those price numbers were just the whiff...
...meeting, the markets were a little queasy. The Dow began slipping steadily at the opening bell, before coming back to a 60-point loss by the close, a middling sell-off predicated on something like general unease. "It's really just uncertainty," says TIME senior economics correspondent Bernard Baumohl. "People are thinking about inflation again, and bond yields are very high -? which makes them suddenly look like a reasonable alternative to stocks if the Fed does put the brakes on the economy...
Moved PermanentlyMoved PermanentlyFortune Investor DataTIME senior economics reporter Bernard Baumohl doubts the Fed will act Tuesday; Greenspan will probably settle for a gentle reminder that he's keeping an eye on inflationary pressures, just like always. And that should be enough. "All the worrying today about inflation is probably excessive," he says. "This spike in prices is mainly due to OPEC nations' production cuts in March, which they've been abiding by for once. May's numbers should be back to a comfortable level." Of course, other factors bear watching -- from signs of an economic recovery in Brazil, Thailand...