Word: greenspans
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Dates: during 1990-1999
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...Greenspan Tells Grads Honesty is Best Policy...
...Could the Fed chairmen of the future have the world's easiest job? Some might argue that we are already in that golden age, though neither Sinai nor Alan Greenspan himself are willing to bet the farm on it. Sinai doesn't call the Internet a "wild card" for nothing; much about its effects on the economy have yet to be played out. "Frankly, we don't know enough about it at this point," he says. "How important is the Internet to the economy? All I can say is it's huge...
...market's mind was on Greenspan again Wednesday as a tame inflation number - a 0.3 percent hike in the Consumer Price Index, with just a 0.1 hike in the "core" rate - sparked a 100-point rally that traders promptly sold off for fun and profit. On the Fed watch, TIME senior economics reporter Bernard Baumohl figures today?s number and yesterday?s ?- a mildly alarming boost in retail sales ?- cancel each other out. "My sense from the last meeting was that the Fed was done unless it saw some clear and unambiguous evidence that inflation was on the rise...
...stocks, including Merck and Philip Morris, 20% lower. Some tech stocks (AT&T) are way cheaper too. Internet stocks, if you're so inclined (I'm not), have fallen even more. Yet the Fed has had the right answer for every new-age inflation scare. Why bet against Alan Greenspan now? It could be that the new era deserves a new truism. Forget stumble. Call it three steps and a start...
...between buyer and seller. That is just one aspect of these new wholesale channels that has analysts salivating. B2B companies "are going to reshape the entire economy," says Charles Finnie of Volpe Brown Whelan & Co., an investment-banking firm based in San Francisco. "It's not unlikely that Mr. Greenspan will be sitting in front of Congress in the next couple of years saying one of the main reasons inflation is dead is the B2B Internet companies...