Word: yardeni
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Dates: during 2000-2009
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Inflation seems so weak that many businessmen and economists think the Federal Reserve could allow interest rates to fall even further without risking a jump in prices. Says Edward Yardeni, chief economist for Prudential-Bache Securities: "Lower rates could deliver us into the golden land of zero inflation and 6% economic growth. So why not ease...
...There is always some disappointment at this stage of an economic expansion," says Edward Yardeni, chief economist for the Wall Street firm of Prudential-Bache. "It is typical for an economy in the third year of an expansion to start to slow down...
...would consider a sustainable pace. However, Chris Varvares, president of Macroeconomic Advisers, a consulting firm with headquarters in St. Louis, Mo., expects a "fairly abrupt" slowing in the second half of the year to below 3%, which will hold gross-domestic-product growth for the year to 5%. Ed Yardeni, chief economist of Deutsche Bank, agrees, largely because he believes the skyrocketing rise of stock prices in late 1999 and early this year "most likely did contribute to boosting car sales and housing-related sales." With the NASDAQ index by late May down roughly a third from its March peak...
Foreign investors, including Canadians, think the U.S. economy "is where the action is," says Michael McCracken, chairman of Informetrica, an economics think tank based in Ottawa. Ed Yardeni, chief economist and global-investment strategist of Deutsche Bank Securities, elaborates: "I go to Europe, Japan, have overseas investors coming to see me in my New York City office, and to a large extent they all want to be invested in technology. And it's very hard to find enough names of high-tech companies to invest in abroad. If you want to invest in technology, you've got to invest...