Word: strategist
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Dates: during 1980-1989
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...attempt to stimulate economic growth. Discussion about a possible policy change had been building on Wall Street and among economists since midsummer, as analysts looked at the steadily deteriorating economy and worried about a looming depression unless interest rates dropped quickly. Said Steven Einhorn, a vice president and market strategist for the investment banking firm of Goldman, Sachs & Co.: "We reasoned that the Fed would have no choice but to ease up because the consequences of not doing so were simply too serious to contemplate...
Republicans are trying various strategies to blunt the economic issue. "Quite frankly, we are just avoiding it altogether," says Bob Heller, a strategist for the re-election campaign of Texas Congressman Jack Fields. Instead, Fields' ads picture him as a hard-working legislator who stays in close touch with his constituents. In hard-hit New England, some Republicans are trying to put distance between themselves and Reagan's policies. Rhode Island Congresswoman Claudine Schneider stresses the independence she showed in voting against many of the President's measures during her first term...
DIED. Ivan Bagramian, 84, leading Soviet military strategist during World War II and commander of the First Baltic Army; in Moscow. Armenian-born Marshal Bagramian became a national hero in the Soviet Union when in the winter and spring of 1943-44 he directed the campaign that led to the taking of the Baltic republics and the breaking of the Nazi invasion on that front...
...touch the trigger. President Reagan and the passage of the tax bill played an important role." Some moneymen cited Reagan's apparent move away from the influence of supply-side economists, who favor tax cuts and play down the impact of budget deficits. Said Donald Trott, a market strategist for the A.G. Becker investment firm: "Increasingly, people in the financial community feel that supply-side economics is voodoo economics. The determination with which the President pursued passage of his tax legislation has sent the message that he is turning to a more conventional policy...
...Wall Street history. On a typical Friday afternoon in August, almost all the brokers would have made a quick getaway for the weekend. Last Friday evening, though, the bar of Harry's at Hanover Square, a favorite Street hangout, was jammed with revelers. Said William LeFevre, market strategist for the Purcell Graham & Co. investment firm: "We saw things in the market this week that we never thought would happen." It was a rally to remember, and savor, for a long time...