Word: longer-term
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...what if the Administration is wrong? Behind the scenes, White House aides are girding for a long downturn. Even if their predictions of near-term recovery are off, they say, the longer-term business cycle is on their side. "Recessions don't last for more than two years," muses a senior White House aide, who, like many, uses the word recession as if we were in one. "Ultimately, when the economy turns around, the voters will give the President credit. And then what will the Democrats...
...Rebuilding longer-term confidence in the solid supremacy of the American economic way may be in George W. Bush?s hands. It starts with the military response for which the world is waiting right now - this ten-year boom started when the tanks rolled onto Kuwaiti soil, and starting it again will take a psychological sense that the U.S. has its enemies in its sights, its political will galvanized, and its thinking cap on about how not to do more harm than good...
...saying that "You can?t fight the Fed." For the Fed, there?s an expression for when its monetary policy has had no luck fighting Wall Street, when short-term rate cuts run up against an unwillingness to spend the cheaper money, or when bond traders stubbornly keep longer-term rates high because they think the Fed is sowing long-term inflation. It?s called "pushing on a string...
While helping BWH served as the immediate cause of the transaction, the sale continues HMS’ longer-term move to exit the property management business...
...Because there's nothing bankers love like low short-term interest rates. The short-term rate is the one bankers use to peg what they pay depositors - the lower the better. Longer-term rates, like the ones on 10-year bonds, are the ones they use to charge borrowers. The lower Greenspan goes, the bigger the spread between the two - all else being equal - and the more the banks profit...