Word: exit
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Dates: during 2010-2019
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...logic to charging for bags is that by disaggregating airline pricing, the carriers can collect fees for added services. That's why you are seeing fees for things like exit-row seats or extra-room seats. That makes perfect sense: a better seat equals a higher price. But making us all suffer so the carriers can milk a baggage fee from a few makes no sense, even if it does make some dollars. (See the best travel gadgets...
...about the Federal Reserve's hopes to start pulling its added liquidity out of the markets, either by raising short-term rates or just getting out of buying bonds, which has been keeping long rates low? I think the Fed's statements suggest that they really want to exit in some fashion from the buying program. The first step in that direction, logically, would be to stop buying, and our sense is that they're at least going to try that. But based on our forecasts for the second half of the year, they may have to reinitiate...