Word: feds
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...Right now, I don't think the Fed will raise again," says TIME senior economics reporter Bernard Baumohl. "But the markets can always find a reason for uncertainty." Indeed, as more and more readings indicate that Cap'n Greenspan's economy is touching down softly and inflation-free, the narrower the range of possibilities in those feverish little investor brains. He could stand pat. He could hike by a quarter-point this month so as to beat election-season, when coaxing up unemployment for the good of the country gets politically tricky. But that'd be about...
...Computerized entries from the web are fed into the computer. Within seconds, the computer completes the Housing assignments. The UHO often invites first-year members of the Undergraduate Council to watch the computer churn out the results. This past year, however, no first-years were invited...
...hard not to feel bad for Stephen C. Hely '02, the Lampoon's president, who now may face charges of arson and criminal negligence, not to mention disciplinary action from the College. The Cambridge Fire Department (CFD), fed up with repeated calls to the Lampoon and the organization's arrogant response to requests they bring their building up to code, seems intent on throwing the book at Hely. There have been 13 calls to the Lampoon so far this year, up from "only" 10 all of last year, and the police, the fire department and the Lampoon's neighbors have...
...come to that. When the Fed is about done raising rates, which could be soon, market psychology will improve. But the way the economy is growing, there's a good case for rate increases extending well into next year, and that's a bear-market recipe. In such a period, better turn off CNBC and quit reading the stock tables. Stay diversified. Keep contributing to your 401(k) plan. Dollar-cost-average into favorite blue chips and funds. In five years, you'll be happy you bought cheap. Investing is a long-term game. That's been easy to forget...
...alongside them) as investors saw visions of the long season of economic overdrive, interest-rate hikes, and neurotic markets drawing to a close. "This is the latest sign that the economy is slowing down, and because these are labor numbers, they're going to have particular weight with the Fed," says TIME senior economics reporter Bernard Baumohl. "This is the kind of news that could take some of the uncertainty out of the markets and get stocks going up again...