Word: crash
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Dates: during 1980-1989
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...practically paralyzed by the knowledge that on Friday the Commerce Department would release the U.S. trade statistics for November. There was good reason for their concern. Three months earlier a worse than expected trade-deficit figure helped send the stock market into a slide that culminated in the great crash of Oct. 19. And in mid-December the announcement of a sharp jump in the trade deficit sent the dollar tumbling...
...increase in exports may be crucial to keeping the U.S. economy out of a recession in 1988. After five years of economic expansion, American consumers may begin to slow their spending, especially in the wake of October's stock crash. But foreign demand for U.S. goods could keep American factories humming and boost capital spending as companies strive to increase their production. Many economists think the U.S. is on the verge of becoming the sort of export- driven economy that West Germany and Japan have been over the past quarter- century...
Then came Black Monday. When the market crashed on Oct. 19, so did the reputation of this hot new investment tool. Since then the assets covered by portfolio insurance have shrunk by about two-thirds. Worse, its practitioners were accused by a presidential task force chaired by Investment Banker Nicholas Brady of being primarily responsible for the severity of the crash. Says Howard Stein, chairman of Dreyfus and a member of the Brady commission: "A handful of aggressive speculators brought the market to near collapse." Robert Kirby, chairman of Capital Guardian Trust and another task- force member, comments, "They...
...thing the technique did not do on Black Monday was provide total insurance against a crash. One deeply insured investment fund, the pension plan of U S WEST in Denver, watched the value of its stock holdings shrink from $3.3 billion to $3 billion. Although the company estimates it might have lost an additional $400 million had it not been covered, it no longer insures its pension funds...
Because the Rockefeller grant is not part of the University endowment, market fluctuations do not necessarily affect the money available each year. But officials in the Faculty of Arts and Sciences said that other University fellowships may be affected by the market crash...