Word: yardeni
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Dates: during 1982-1982
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...chief worry is the ballooning federal deficit, which threatens to swell past $175 billion this year. They hope that a few more Democrats in the House will force the President to compromise on the budget, perhaps by scaling back his demands for huge increases in defense spending. Says Edward Yardeni, chief economist for the Prudential-Bache brokerage house: "Investors did not want a rejection of Reaganomics, but they wanted a policy that was a little more flexible, a little more toward the center...
Easier Money. Though no one is advocating that the Federal Reserve flood the U.S. with money, many economists believe that Chairman Paul Volcker should be some what less rigid. "The Fed will have to ease up," says Edward Yardeni of the E.F. Hutton brokerage house. "Otherwise, we'll face the risk that this recession will turn into something uglier, a depression...
...changes may help calm troubled money markets, but many experts are unimpressed. Says Edward Yardeni, a financial economist for E.F. Hutton: "There will soon be a cottage industry of economists who will figure the weekly numbers and give out the data anyway." Despite the Federal Reserve's efforts, the new money-supply figures will probably be tracked as closely as the old ones...