James Annable
James Annable
insurance simply
They simply don't want a recession. It's an insurance policy.
alan investors
I think investors underestimated (Fed Chairman) Alan Greenspan's sense of show business.
splash
They wanted a big splash today. And they got it.
boils capitalize earners fed figure gets higher living market standard stock terms wage
If the world gets the idea that this is the end of Fed tightening, the stock market will probably like that and you will have higher stock averages. What it boils down to, in terms of the economy, is the standard of living for wage earners is significantly higher. For (George W.) Bush, he has to neutralize that and for (Al) Gore, he has to figure out how to capitalize on that.
coming fed figuring toward
What the market's figuring out is the Fed is coming toward an end of this movement,
change dollar exchange frankly impact matter move production rates
There are enormously long lags from a change in exchange rates to impact on production and employment. ...The dollar has already weakened and frankly this kind of move isn't going to matter very much.