Word: bets
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Dates: during 1990-1999
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...those seemingly out of harm's way. Venezuelans stumbled through a valiant, painful defense of their bond market, Brazilians scrambled to save their currency, and Americans watched a nervous stock market plummet, pause and plummet again. Russia's slide was a reminder that every investment is at heart a bet on the future. Last week the future looked awful...
...game of hot potato: the U.S. insisted Russia was a European problem; the Europeans said the IMF should run the show; the IMF insisted it needed more U.S. support. But instead of pitching in immediately--and watching billions of dollars disappear--the IMF and the U.S. made a bet that the reformers would hold out until the summit. It was a fatal miscalculation. Says Halliwell: "These guys were asleep at the switch. Russia was going off the tracks...
...while running for Governor, he is asked, "Will you guarantee to us that, if re-elected, there is absolutely, positively no way that you'll run for any other political office and that you'll serve out your term in full?" Clinton responds, "You bet...That's the job I want. That's the job I'll do for the next four years." REALITY CHECK In 1991, Clinton announces his candidacy for President...
...Goldman Sachs similarly says, "Stocks are trading at undervalued levels." But at Morgan Stanley Dean Witter, chief strategist Barton Biggs insists that "we are either in or on the verge of a bear market." And the wily investor Larry Tisch at Loews Corp. just reconfirmed a massive options bet on lower prices...
...gambling goes, Powerball isn't the smartest use of one's money. "We know the arithmetic, and it's not only a bad bet, it's actually a very bad bet," warns Gary Simon, also a statistician, at New York University. "The odds are so high, and [the Powerball administrators] immediately take 50 [cents] of the dollar off the top. If you're at the horse races, they take about 15[cents] of the dollar before returning the rest of the money to the public. The casinos take something like a nickel or a dime, depending on the game...