Word: yardeni
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Japan these days. The demand for dollars in turn is fueled largely by attractive U.S. interest rates, which are kept high by the huge federal borrowings needed to finance the budget deficit. Indeed, a major part of those borrowed funds is supplied by Japanese investors. Says Edward Yardeni, chief economist of the Wall Street investment banking firm of Prudential-Bache: "The Japanese are doing a tremendous amount of saving, and we are doing a tremendous amount of spending. You cannot fault a nation for its frugality...
...Year's Eve revelry began early for the U.S. economy last week. It arrived amid growing signs that the economic doldrums of the past six months are coming to an end. The mounting evidence strongly enhanced the holiday mood. Said Edward Yardeni, chief economist for Prudential-Bache: "There is no reason to fear a recession...
Nonetheless, the surprising robustness of the economic expansion so far has hurt the credibility of the doomsayers. Says Economist Edward Yardeni of Prudential-Bache Securities, who admits to being uncertain about the impact of the budget: "After hearing most economists shout wolf for two years about the deficit, people are starting to wonder whether the supply-siders might be right after all." The swift recovery has made it difficult for Mondale to exploit the budget issue against Reagan...
Leading the charge into stocks were pension funds and other large investors. For the past several months, as the market fell, they have been gradually selling shares. But last week they moved back into stocks in a hurry, buying blue chips, transportation, technology and energy issues. Said Edward Yardeni, chief economist at Prudential Bache Securities: "What happened can only be characterized as a buying panic. Institutional investors decided they just could not afford to miss such a wonderful party...
When automakers closed their ledgers on 1983, they reported sales of 6.78 million cars, a 17.9% gain over 1982 and the industry's best performance since 1979. Quipped Edward Yardeni, chief economist for Prudential-Bache Securities: "Consumers couldn't buy Cabbage Patch dolls, so they went out and bought cars...