Word: tyson
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...buying the whole world out of the doldrums. Even Japan's economy, mired in recession for much of the past decade, is growing at a healthy pace again. "There's a remarkable degree of consensus" among forecasters for U.S. growth between 3.5% and 4% this year, Tyson said. If they're right, that could be the fastest growth in four years (and a big boost to Bush's reelection prospects...
...everyone is buying that opinion. "I have some doubts" about those growth predictions, said Blanque. "Recovery is a bet on investment, and investment is running out of steam." He believed the U.S. still suffers from overcapacity--not to mention consumer indebtedness. Tyson agreed that the American consumer's ability to keep on spending will prove decisive...
...critical issue, Tyson said, is this: At what point does a growing structural federal budget deficit undermine international confidence in the U.S. economy? For the moment, Asian central banks are helping fund the deficit by buying dollars. That's keeping their trade with America on track and U.S. interest rates low, and effectively financing the worldwide expansion. But, Tyson asked, "how long can they keep doing this?" The U.S. Federal Reserve gave a partial answer recently when it abandoned a five-month-old commitment to keeping rates low "for a considerable period"--a statement widely interpreted to mean that rates...
...Naim and Tyson quickly took issue with him. "It's amazing how little worried the Europeans are about the euro," Tyson said, pointing to two controversial areas: the European Central Bank's relatively tight monetary policy and the E.U.'s battered Growth and Stability Pact, which long required governments to limit their debt and budget deficits. Exchange rates matter, she contends. The past 10 years were "a lost decade" for Germany because--among other reasons--the former West Germany reunified with the former communist East Germany at an exchange rate that was too high. "How many times...
There are plenty of uncertainties about economic growth and stability in the U.S. too. But the doubts are more for the long term and linked to the big deficits. For now, at least, the economy is humming again. "The optimism is more real," said Tyson. The question is whether that optimism will be enough to lift everyone else out of the doldrums...