Word: zeroed
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...just Detroit that's hurting. "We would be in favor of some kind of action if it was across the board," says Irv Miller, vice president of public relations for Toyota Motor Co., which saw its sales drop 26% last month in spite of ongoing zero-interest financing deals...
...could see that they were shams. There was no way Fannie Mae was producing 15% growth every quarter. They had giant derivatives positions, and they couldn't know what they were. I remember being on the telly, telling people that Fannie Mae was going to zero, and they'd say, What the hell are you talking about, that's Fannie Mae. Likewise with the investment banks. I used to sit there and say they're all going to eight [dollars per share]. It was clear that there were 29-year-olds on Wall Street sitting around making $10 million...
...down after the election. Under Alaska law, a resignation would set in motion a chain of events leading to a special election to replace him 60 to 90 days later. If he chooses not to resign and his appeals fail, the Senate would probably toss him out. "There is zero chance," said GOP leader Mitch McConnell, "that a Senator with a felony conviction would not be expelled from the Senate...
...economy weakens. Even though ultra-low rates may have little immediate economic impact, they help to stabilize the financial sector as well as stock markets. Equities become more attractive when interest earned by stashing cash in the bank is lower than the inflation rate. "While the BOJ's zero-rate policy did not work as expected in terms of reviving the economy, it contributed to preventing the financial system from collapsing," says JPMorgan's Kanno. The U.S. may soon find itself in a strange, zenlike economic state in which zero is, in fact, better than nothing...
...November 2002, during his first stint on the Fed - as a mere member of the board, not the chairman - Bernanke gave a now somewhat infamous speech about what central banks could do to fend off deflation even after short-term interest rates hit zero. The Fed could target longer-term interest rates, he argued. It could buy private securities, not just Treasuries. It could, figuratively speaking, drop money out of helicopters...