Word: trader
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...novel, The Immortal Bartfuss, the concept of a Jewish homeland is not relevant. Bartfuss, the emotionally anesthetized protagonist, does not even have a proper home. He sleeps in a room apart from a wife he avoids and two daughters he scarcely knows. Bartfuss is some sort of underworld trader who keeps his money hidden in a box that his family cannot find. His business hours evidently are erratic and short, because he spends most of his time gazing at the sea from a Jaffa beach or sitting in cafes drinking coffee and smoking cigarettes...
McCoy, as he reminds himself over and over, is The Master of the Universe. The top bond trader for a prestigious Wall Street firm, Sherman McCoy wears his invincibility in the form of cashmere overcoats and tailored suits. His Park Avenue apartment, and even his social-climbing wife, are all marks of his Master status...
...wonder that at 8:30 a.m. Washington time last Friday, virtually every money manager and trader was intently watching a TV, a computer terminal or a wire-service ticker. When the fateful figure at last flashed across the screens, it was another shocker -- but this time a good one. The Government announced that the November deficit was $13.2 billion, a stunning 25% decline from October's record $17.6 billion shortfall and the best monthly trade showing since the $13 billion gap in April. Exports surged 9% from October, to $23.8 billion, as imports fell 6%, to $37 billion. Inflation numbers...
...flamboyant than usual. The Fed, which generally makes orders in $10 million batches, was trading marks for dollars in king-size packages of $25 million. Normally the Fed would carry out such transactions stealthily. But last week a Fed official reportedly went so far as to encourage a trader at a major bank to talk about the Government's big move in a TV interview...
...problem started when the Government announced that the U.S. unemployment rate had fallen from 5.9% in November to 5.8% in December, its lowest level since 1979. To most people, that sounds like good news, but nobody has ever accused Wall Streeters of thinking like most people. To a bond trader, lower unemployment means faster growth, more inflation and higher interest rates. So bond prices slumped, and that triggered a drop in stocks. Investors were also concerned because the dollar started dipping again on Friday and because they feared that Government figures on the mammoth U.S. trade deficit due for release...