Word: bondses
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Even by the buttoned-up standards of central bankers, Alan Greenspan is not an effusive man. But one economic phenomenon has driven the U.S. Federal Reserve Board Chairman to reach for the superlatives: in March, he marveled at the "extraordinary" efforts of China and Japan to prop up the dollar...
The central banks of Japan and China aren't buying American bonds out of charity. They're doing it to shore up the dollar and prevent their own currencies from appreciating; this is making their exports cheaper and more appealing to American consumers. One result is that Japan and China...
With property values soaring across the country, more and more IRA investors are putting some of their funds directly into real estate instead of just the usual stocks, bonds and mutual funds. Housewert, 58, has put half his retirement savings into investment properties and is considering pumping in even more...
Even if it wasn't always morning in America during the years of his presidency, Reagan's eagerness to insist that it was tapped into a longing among voters. They didn't want to picture themselves turning down their thermostats and buttoning up their cardigans. They wanted to strut again...
There are fewer common bonds with people he meets now. He had known his high school teammates since elementary school.