Word: dropping
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Dates: during 2000-2000
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...Yorkers have long harbored a secret hope that rising crime rates will yank housing prices back into the realm of reason. But for the most part, city dwellers have spent the past five or six years in a state of uneasy contentment, pleased but mystified by the drop in crime, never quite believing they were safe. Maybe it's better that we never got too comfortable...
...small and orderly decline in the dollar would not be at all unwelcome to most economic analysts. It would help U.S. exports, by making them cheaper in terms of foreign currencies, and bring U.S. trade accounts closer to balance. A sudden and sharp drop in the buck's value, however, would be a very different matter--in fact, a disaster. It would greatly worsen U.S. inflation by driving up the price of imports. Foreign goods and services directly account for about 15% of all American gross-domestic purchases and have a real influence far beyond that because so many American...
Fundamentals too could turn against the dollar. The doomsday fear is that the Fed, in its zeal to head off inflation, will hit the monetary brakes too hard, causing a severe slowdown in the U.S. economy. That frightens away some foreign investment, causing the dollar to drop sharply. Then inflation rises despite the slowdown, prompting the Fed to crack down harder still, and so on around a truly vicious circle...
...these markets were a person, they'd be Woody Allen. Upon receipt of more good news about the soft landing Tuesday from the Commerce Department - retail sales dropped 0.3 percent in May and were revised down again for April, the first consecutive drop since the summer of 1998 - investors' neuroses kicked in. Suddenly, the worry wasn't that Alan Greenspan would raise rates again at month's end. It was that he'd already gone too far. Tech selling slid the NASDAQ down on the news, and financials did the same to the Dow. Consumers, the heroes of the expansion...
...about 3.5 percent, that the Fed has been trying to engineer." In fact, says Baumohl, there are some on the Fed's Open Market Committee who feel one more rate hike is still necessary. Greenspan, says Baumohl, is not among them. "There's no sign of any sharp drop-off in economic activity," he says. "On the other hand, Greenspan seems satisfied that his tightening has had a lasting effect. He's likely to stand pat for the rest of the year...