Word: bernards
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Dates: during 1990-1999
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...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...
...fail us? Gun-rights supporters rightly point out that one of the charges against Buford Furrow was illegal possession of a firearm. Illegal, signifying that enforcement, not legislation, is the answer to keeping the rage of the crazies impotent. The police? At his press conference Wednesday, L.A. police Chief Bernard Parks resisted all his political urges and declared that martial law was not coming to the City of Angels. The "community" of Los Angeles, he hoped, would find a way to heal without a cop on every corner. The courts? Furrows had served his time for his confused knife-wielding...