Word: hike
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Dates: during 2000-2009
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...last part is still a minority opinion. Greenspan could have gotten away with a friendly quarter-point rate cut Wednesday if he thought the slowing economy needed to slow a little slower - it certainly wouldn't have bothered investors. But Greenspan has plenty of numbers, like Tuesday's minuscule hike in retail sales, telling him everything's unfolding just like he planned...
However, former council treasurer Sterling P.A. Darling '01 called the hike excessive, and said that last year's loss on the shuttles was due to poor organization by the council. In fact, he said, last year was the only year that the council lost money on the service...
...argued that if the council put more effort into selling the tickets this year, the shuttles could break even without a price hike...
Several council members also objected to using the hike in order to make money on ticket sales...
...know the calculus by now. A slowing economy is just what Greenspan wanted, because it keeps inflation at bay. And that means in December, with a suspenseful spring ahead, Uncle Alan will probably spare the markets another interest-rate hike. Which means cheaper money, more corporate investment - the whole bag of tricks that these markets love so well...