Word: greenspans
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Dates: during 2000-2009
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...Greenspan's tough economic advice; discount airlines team up against the big guys...
...Alan Greenspan was on an irascible roll last week, first dissing everyone who holds a fixed-rate mortgage--suckers!--and later picking on folks who collect Social Security: Get back to work, Grandma. In between, the chairman of the Federal Reserve Board scolded the big mortgage firms Fannie Mae and Freddie Mac, which make homeowning more affordable, for taking too much risk. In a couple of days' work, Greenspan went through sacred cows like an overzealous Atkins dieter...
Kucinich, who called for the resignation of Fed Chair Alan Greenspan earlier yesterday, emphasized the importance of social programs in the United States. Kucinich took issue with Greenspan’s recommendation to cut Social Security benefits, made at a hearing before the House Budget Committee yesterday, and blamed the Fed chair for not opposing White House fiscal policy...
...FIRM DOLLAR Many believe the buck, which slumped 17% against the euro last year, will continue to weaken as the U.S. government keeps spending money it doesn't have. Yet rising interest rates attract foreign investment and often buoy the dollar, which firmed noticeably after Greenspan's rate signal in late January. The buck may hold firm if, as seems logical, Europe cuts interest rates to combat slow growth. A steady dollar would remove the currency edge of foreign securities, which in dollar terms rose nearly twice as much as they did in local currencies last year. You should favor...
...RETURN OF RISK AVERSION After Greenspan's rate signal, speculative investments like emerging markets and small stocks stumbled. "This may be the inflection point, where investors decide that risk is no longer a one-way bet," says Tom Gallagher, an analyst for ISI Group. Last year stocks of companies that lost money rose 132%, while those of companies that posted a profit rose just 43%. Rising rates have a way of dampening speculation and should bring safety (and sanity) back into focus. So stick with blue chips that pay a dividend. The Dodge & Cox Stock Fund is a long...