Word: federales
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Not only does Pimco managing director Bill Gross oversee the world's biggest bond fund, his views often sway markets. In a late December interview with TIME's John Curran, Gross pointed to the second half of 2010 as a period when investors large and small will reckon with a...
What will make the first half of 2010 so good? The first half will be dominated by government stimulus and by inventory accumulation or a lack of [inventory] liquidation among businesses. I expect nothing from consumer [spending] and nothing really from housing or really any of the standard cyclical leading...
You're talking about a second shot of federal stimulus? Yes. Something else is probably needed if the [government's] thrust is really reducing unemployment below double digits and renormalizing the economy. (See questions and answers about retirement.)
What does this say 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...
Of course, Abdulmutallab's plot failed not just because of technical difficulties but also because of the bravery of the people he was trying to murder. The one hopeful outcome of the saga is that, thanks to the swift action of passengers on Flight 253, Abdulmutallab was captured alive and...