Word: investor
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Dates: during 1990-1999
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Moved PermanentlyMoved PermanentlyFortune Investor Data"It?s just more good news," says TIME senior economics reporter Bernard Baumohl (although that wasn't immediately reflected in the market, which took profits from Wednesday?s record close). "This takes even more pressure off the Fed to raise rates again anytime soon; the economy seems to be slowing down just as it hoped." Thursday?s report isn?t a guarantee, though. Most of the slowdown was due to the trade deficit; imports aren?t counted in the GDP, although they do show up in the overall economy when cash-loaded consumers head...
Moved PermanentlyMoved PermanentlyFortune Investor Data"For the Fed to raise again this year, there?d have to be extremely clear signs that the economy was growing too fast," says Baumohl. "He wants to 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...
Moved PermanentlyMoved PermanentlyFortune Investor DataBut that doesn?t necessarily mean that confidence will still be there at 2:15 p.m. (ET) Tuesday, when The Great Greenspan clears his throat. "There?s always that bit of uncertainty as the day draws near," Baumohl says. Come noon, along with the profit-taking from Monday to contend with, there?ll be plenty of investors who don?t feel quite as smart as they did the day before. No hike? Twice the hike? Rally? Sell-off? Stay out of it until Greenspan?s gospel (2:15 p.m.) is fully digested. For the record...
Moved PermanentlyMoved PermanentlyFortune Investor DataAnd for the ever-cautious Greenspan, the slow-news dog days of August are the perfect time to put rate worries to bed for the year. "First of all, he?ll want to make sure there?s enough liquidity in the money supply to deal with any Y2K disruptions," says Baumohl. "And he knows that as the political campaigns heat up, there?s going to be debate about the economy. He doesn?t want to be part of that rhetoric." Which could be rough on Steve Forbes. But Al Gore will be thankful for a domestic...
Moved PermanentlyMoved PermanentlyFortune Investor DataDay-trading, either done independently or under the umbrella of firms that set up clients with high-speed equipment and a trading room in exchange for commissions, is certainly a dangerous game. "The markets move very fast, and something like 90 percent of people who try this aren?t successful," says TIME Wall Street columnist Dan Kadlec. But failure isn?t against the law, and after the report?s release, trading firms were scrambling to remind regulators -? and the public -? that a few unscrupulous apples aside, what they sell isn?t any different than...