Word: hugeness
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...other markets, there were similar cries of pain as huge price gyrations roiled trading in everything from metals and corporate bonds to livestock and even futures contracts for wheat and soybeans. In his office just off Chicago's LaSalle Street, the heart of the Windy City's financial district, Bond Trader Colin MacDonald paused long enough from juggling the phones on his Government securities desk to complain to a reporter that "the market's in a shambles. Before this is over, there'll be enough resignations from wiped-out traders to fill the Yellow Pages...
...sheer scariness of it all was what set off the really huge midweek selling spree on the Big Board. The dumping spread, irrationally, not only to the commodities and futures markets but also to the international currency centers. Out of fear and uncertainty, traders who had been buying dollars on Monday on the logical theory that the Fed's moves would strengthen the greenback abruptly began selling them again...
...moment too soon. Liberal Economist Arthur Okun, who was chief economic adviser to Lyndon Johnson, is a consistent critic of fighting inflation with tight money, which inevitably slows economic growth and raises unemployment. Yet Okun says. "The Fed had to do something. It simply could not let those huge credit flows continue...
...troops from East Germany would still leave 400,000 to 500,000 Soviet servicemen in the country. The withdrawal of 1,000 tanks would leave 6,000 Soviet tanks. Says a West German foreign ministry official: "Strategically, this doesn't mean a damn thing. The numbers are so huge that this is a small bite." The Soviets, moreover, could pull out support personnel like military police, cooks and clerks. What is more, if the 20,000 troops are moved just inside the western Soviet border, they would hardly constitute any less of a threat to Europe...
...though the purchases so far have not been huge, and will at most mean an increase in stock holdings of roughly 10 per cent, that's a significant move for Harvard's exceptionally prudent money managers--a sign that they believe the Fed's program will help the economy in the long run and revive both the markets and Harvard's latest investments...