Word: bernard
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Moved PermanentlyMoved PermanentlyFortune Investor Data"It?s just more good news," says TIME senior economics reporter Bernard Baumohl (although that wasn't immediately reflected in the market, which took profits from Wednesday?s record close). "This takes even more pressure off the Fed to raise rates again anytime soon; the economy seems to be slowing down just as it hoped." Thursday?s report isn?t a guarantee, though. Most of the slowdown was due to the trade deficit; imports aren?t counted in the GDP, although they do show up in the overall economy when cash-loaded consumers head...
...nudge in the now-neutral bias -? the markets may now exhale, slump a little, and get back to fundamentals. "The good news is that Greenspan remains ahead of the curve, acting promptly to hold down inflation just like he said he would," says TIME senior economics reporter Bernard Baumohl. "But the markets had their rally Monday ?- and most of the time it?s ?buy on the rumor, sell on the news.?" But any bout of post-ratem profit-taking isn?t likely to last long -? after all, corporate earnings are coming soon (and looking promising). Even better, Greenspan...
...dealer 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...
...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...
...When the Fed 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...