Word: feds
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Dates: during 1990-1999
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...bond market. Thirty-year U.S. Treasuries did almost as well as stocks last year, giving investors a 30% total return. If the Fed lowers interest rates, bond prices may rise a corresponding amount, but there is more risk on the downside than potential gain on the upside...
...another thing. We people of the great American West are just a little fed up with you Eastern intellectual snobs putting on airs and thinking that you're smarter than us. For too long, I now realize, this country has allowed the pointy-heads of places like New York City and Boston to dominate and define the cultural and intellectual life of our country. Here in the Seattle area, we have many excellent bookstores. We have a nationally recognized repertory theater company. We have an art museum designed by the noted architect Robert Venturi. I am sure it is stuffed...
More than any other single person, Newt Gingrich has brought about this historic reversal of roles. In the process, he has just about finished off the political consensus initiated 60 years ago by Franklin D. Roosevelt. Gingrich's success was fed by the smoldering anger of a nation suffering from stagnant wages, chronic overspending by the Federal Government, the failure of the public schools, the decline of public decency and the stubborn inability of the American underclass to rise out of poverty. He bundled up these anxieties cleverly, even brilliantly, and set them ablaze. "I want to encourage...
...Iowa. Backed by a gritty local staff, the Texan is trying to stitch together a coalition of deficit hawks, gun owners, property-rights activists and abortion opponents to win at least 25% of the vote. He is also trying to appeal to newly registered Republicans who may be fed up with the slow pace of change in Washington. If he manages it, a mistake or two by Dole in the next few weeks could make it a race...
Investors roared back from yesterday's selling frenzy, reacting to the Fed's decision to cut a key interest rate by pushing the Dow Jones industrial average up 34.68 points, to end the day at 5,109.89. The Dow's surge upward gained back more than a third of the loss it suffered Monday. The New York Stock Exchange was also up 2.05 to end the day at 325.71. On the Big Board, advancers led decliners 1,526 to 916, with 678 unchanged. Technology shares bounced back Tuesday, as the technology-heavy Nasdaq composite index jumped 23.82 points to close...