Word: bernards
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
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...
...March's rise of just 0.2 percent. And though retail sales for April rose only 0.1 percent, inflation hawks would have much preferred a drop -- considering that April was the ninth straight month that America's drunken-sailor consumers spent more than the month before. TIME senior economics reporter Bernard Baumohl says the gentle economic slowdown those hawks were hoping for hasn't materialized -- and real inflation worries are a ways down the road...
...creating needed competition for its old kin, the Baby Bells. But regulators are worried about how to bell the cat. "Overnight, AT&T has not only become the No. 1 cable company but also the de facto standard-bearer for the future of telecom," says TIME senior economics reporter Bernard Baumhol. "They're now the only company really positioned to offer the one-stop Internet, cable and phone service that the industry is headed toward...