Word: resler
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Dates: during 1990-1999
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...been creeping up in the past few weeks. The cost of a 30-year mortgage, for example, has jumped from 8.36% at the beginning of the year to 8.82% now. Economists are absolutely baffled by the recent rise in short- and long-term rates. "Whatever the reason," says David Resler, chief economist at Nomura Securities, "if the run-up in rates reflects an emerging trend, the economic recovery hoped for later this year will never develop...
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