Word: greenspans
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...blame for the surge in margin debt? Aha. Some responsibility goes to Federal Reserve boss Alan Greenspan, who complained as far back as 1996 about the market's "irrational exuberance." Yet it is within his purview to raise margin requirements above the current 50%. However, that might tick off Wall Street, which earns more than 8% interest on margin loans. (Brokers are free to raise requirements on their own, and some have.) No Fed chairman since 1974 has moved to lift the limit. Individual investors--and not just day traders--also share part of the blame. Intoxicated...
...that Greenspan is good. Just two days after the Fed chairman raised interest rates to tap the economy?s brakes just a little, it?s already slowing down. The Commerce Department reported Thursday that GDP growth from the April-to-June quarter was actually 1.8 percent, instead of the 2.3 percent the government had estimated a month ago. In reality, of course, that has nothing to do with Tuesday?s action ?- even with a strong market reaction, an interest rate hike takes at least six months to reverberate through the economy ?- but it?s sure got plenty to do with...
...trade deficit; imports aren?t counted in the GDP, although they do show up in the overall economy when cash-loaded consumers head to the mall. So inflation could still be lurking in the heart of the U.S. economy ?- but it?s not putting much fear in Alan Greenspan...
...from the Fed exactly what they expected to ?- that creeping inflation pressures necessitated a rate hike of a quarter-point (25 BASYS points) but no nudge in the now-neutral bias -? the markets may now exhale, slump a little, and get back to fundamentals. "The good news is that Greenspan remains ahead of the curve, acting promptly to hold down inflation just like he said he would," says TIME senior economics reporter Bernard Baumohl. "But the markets had their rally Monday ?- and most of the time it?s ?buy on the rumor, sell on the news.?" But any bout...
...preserve some liquidity for Y2K, and he wants to stay in the background when the political season heats up and everyone?s fighting about tax cuts." That?s just fine with the markets ?- they hate politics anyway. The only thing that might have spoiled their party is if Greenspan hadn?t raised rates -- good news like that, if it?s unexpected, can only cause a ruckus. "That would have freaked everybody out, because suddenly he looks like he?s behind the curve," says Baumohl. Greenspan, behind the curve? Now that would have been surprising...