Word: economists
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...also had difficulty explaining why he agrees with suppy-side economist Milton Friedman--who says there is no correlates between interest rates and tans--and still believes that is "historical fact" that the deficit decreases by $20 billion for each percentage point drop in interest rates...
...Among those on the advisory board for the study: Peter Peterson, former chairman of Lehman Brothers Kuhn Loeb; Herbert Stein, former chairman of the Council of Economic Advisers under President Nixon; Economist Robert Solow of M.I.T.; Eleanor Holmes Norton, former chairman of the Equal Employment Opportunity Commission during the Carter Administration...
...Says Economist Robert Eggert, who compiles 46 forecasts in his Blue Chip Economic Indicators: "The model that would probably work best would be a combination of supplyside, Keynesian and monetarist views. But it exists only in the forecasters' heads...
...charge into stocks were pension funds and other large investors. For the past several months, as the market fell, they have been gradually selling shares. But last week they moved back into stocks in a hurry, buying blue chips, transportation, technology and energy issues. Said Edward Yardeni, chief economist at Prudential Bache Securities: "What happened can only be characterized as a buying panic. Institutional investors decided they just could not afford to miss such a wonderful party...
...argument among investors and market watchers is whether they are witnessing just a brief spurt or a true second leg on the bull market that would take the averages even higher. John Paulus, the chief economist for Morgan Stanley, the investment banking house, had a note of caution. Said he: "The economy still has a good deal of upward momentum, which will have to be moderated by rising interest rates at some point. The gross national product rose 8.8% in the first half of the year and is now moving ahead at between 4% and 5%. That is still...