Word: indexable
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Sources: AP, Better Business Bureau, U.S. Geological Survey, Money, Wall Street Journal, Consumer Price Index, New York Times, New York Law Journal
This time, it seems, he was warning us about irrational panic. "Greenspan knew about the Producer Price Index numbers ahead of time," says TIME senior economics reporter Bernard Baumohl, referring to the big scary inflation number that ? along with Alan Greenspan?s own Thursday night speech about an "asset bubble" ? threw the markets into an early-morning tailspin Friday. "He warned about wild fluctuations because he knew how the market would react to the bad news about producer prices, and his role is to warn investors that an adjustment in stock prices could come quickly...
...overreacted again. "That producer-price number is probably more of a spike than a trend. Oil prices have probably peaked, and gains in productivity will probably help companies absorb this increase rather than passing it on to consumers. Don?t expect a similar increase in the Consumer Price Index when it comes out next week...
...part Gino's (formerly their official hairstylist) and two parts Hasty Pudding Club (of which they are all automatically members.) The Kroks in concert are remarkable for their uniformity; they spend hours practicing their snapping, for example, so that each Krok holds his hand the same way, curling the index finger, locking his elbow to his side and snapping in a quick J-shape. Their tuxedoes are identical, all with shawl collar, suspenders and white cozy and Krokodiloe cufflinks...
...months ago. Summers' mantra--"A strong dollar is in the national interest of the United States"--was the same one repeated for six years by Rubin, a period during which the Dow rose a mountainous 7,000 points. In contrast, the as yet brief Summers era has seen the index drop some 900 points. But Summers says his focus is on "the fundamentals," such as creating a budget surplus, which he argues is best for both the economy and the markets...