Word: greenspans
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Dates: during 1990-1999
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...known as Glass-Steagall - would be joining Citibank, one of the repeal's chief beneficiaries. But although the news that Rubin would join the financial conglomerate just days after helping finalize a deal that would dismantle Glass-Steagall raised some eyebrows, "Rubin?s reputation is second only to Alan Greenspan's in integrity," says TIME business writer Karl Taro Greenfeld. "And he's been a very sought-after person, so it makes sense that the largest bank in the land would want...
...memory are powerful forces in a market that has suffered through a trendless, choppy five-month period. With no conviction about its current direction, many traders always pause to remember the two one-day 500-point declines, both of which took place in October. Even Fed chief Alan Greenspan got into the October-scare game last week, talking about how stocks might be too risky. Of course, he immediately said they might not be. But he referenced the Dutch Tulip Bulb craze, and that sent the market into still another October tizzy. It finished the week down 630 points...
...national debt, then use the money from reduced interest payments to restock the retirement fund. And to get Republians to play ball, Clinton's dropping his push to have the government invest 15 percent of the fund in the stock market. That's not much of a concession; Alan Greenspan's gentle but firm rejection of the Clinton plan this spring drew a lot of water, and the little-government GOP was never going to go for a plan that would result in state ownership of private companies and in effect create a "Department of Investing Everybody's Money." Still...
...doubling of the PPI on Friday morning and sold stocks like so many hot potatoes. The Dow shed over 200 points in oh, the first 15 minutesof trading after the bell, with the NASDAQ following suit. But an hour later, the sell-off had screeched to a halt. Despite Greenspan's hint, says Baumohl, investors had overreacted again. "That producer-price number is probably more of a spike than a trend. Oil prices have probably peaked, and gains in productivity will probably help companies absorb this increase rather than passing it on to consumers. Don?t expect a similar increase...
...long-term value, its yield ?- the payoff for putting your money in it ?- goes up in response; 6.36 is about equivalent to abject begging.) But even that spike was showing signs of flattening as a correction of the correction set in. None of this changes the long-term outlook; Greenspan is still genuinely worried about an "asset bubble" (although he?ll never tell how many points make a bubble), and the markets are still headed for a tepid autumn overall as Y2K uncertainties loom larger and larger. But the Fed chairman also knows how this market loves to panic about...