Word: economists
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Dates: during 1980-1989
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...Economists generally believe the mortgage shudders are unlikely to become a long-term trend. Contends Lyle Gramley, chief economist for the Mortgage Bankers Association of America: "There is no reason for interest rates to continue going up. That would slow the economy so much that the run-up wouldn't be sustained." But the abrupt halt to the flow of ever cheaper mortgage money might handicap an otherwise healthy homebuilding industry. Last week the Commerce Department reported that housing starts during March fell to an annual rate of 1.77 million, a 3.2% drop from the previous month...
...glib real estate agents or to clever marketing M.B.A.s bored with the term yuppie. What separates DINKs from most other Americans is a much greater percentage of discretionary income. "DINKs are one of the few groups that are doing much better than the previous generation," says Frank Levy, an economist at the University of Maryland...
Both moves were surprising on several counts. A rise in the prime usually follows an increase in the banks' cost of borrowing. But this time these expenses have remained relatively stable. Says Nicholas Sargen, an economist at Salomon Brothers: "We were scratching our heads over why they did it." The timing of the Brazilian loan action was equally puzzling. Since Feb. 20, when Brazilian President Jose Sarney declared his country would suspend interest payments on $68 billion of its foreign debt, observers wondered whether banks would have to reclassify their Brazilian loans. But since federal regulations do not require such...
...harsh fact is that the effort to manage relations between the close friends and allies cannot improve while the U.S. trade balance remains so badly out of kilter. This year many economists foresee no more than a $30 billion improvement in the trade deficit, and quite a few see less. Even worse, the U.S. trade balance will have to improve more than the current deficit indicates because the country is now an international debtor. In the current issue of the quarterly Foreign Affairs, Harvard Economist Martin Feldstein, a former chairman of President Reagan's Council of Economic Advisers, estimates that...
Rosovksy, who is a former dean of the Faculty,has said in the past that he personally favors awoman or minority on the governing board. Therenowned economist has said, however, that theCorporation does not search for members of"constituency groups" because of the small size ofthe body...