Word: panic
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Dates: during 1990-1999
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...Greenspan wasn't done running. He cut rates again on Thursday without waiting for the next Fed meeting, a dramatic move that caught Wall Street off guard. It was almost unprecedented in Greenspan's term as helmsman of the U.S. economy. If the Fed has a big red panic button, this was it: Clearly Father Greenback had seen something that couldn't wait for November 15. But what...
...personally felt like I knew every thing would be fine and we'd put another goal in the net," Cowan said. "We didn't panic...
...anything stop the financial panic that has swept from Asia to Russia to Latin America? On Wall Street last week, jittery traders dismissed the Federal Reserve's quarter-point cut in interest rates as too puny and sent the Dow Jones industrial average plunging 448 points in two days. In Washington State, farmers watched helplessly as their grain piled into huge drifts for lack of Asian buyers. In slumping Brazil, Ford and General Motors, which only recently completed new plants in the country, had to cut production drastically. And the future could be grimmer still, according to the International Monetary...
...True Thing, a patient, unforced adaptation of Anna Quindlen's novel by screenwriter Karen Croner and director Carl Franklin, contains lots of true things about that process. For it immerses us in the awful, vertiginous panic that attends a death in the family--the fierce-wistful attempts to maintain routines in the face of this most exigent of interruptions; the desire to speak certain truths before it's too late and the fear of what consequences such candor might have; the politesse with which you must cover the outrage you feel as the rest of the world glides on about...
...near panic over emerging markets was strongest among some of the hedge funds, the high-risk vehicles that often deliver high returns to wealthy investors. After famed investor George Soros lost $2 billion in Russia, John Meriwether's Long-Term Capital Management announced that it had lost $2.1 billion, or half its asset value, so far this year. "Russia and Asia became the trigger for the correction in the U.S. stock market," says David Wyss, chief economist at DRI/McGraw-Hill, a consulting firm. "Although there had already been a softening in earnings over the past few quarters, traders needed...