In our view, current financial market psychology is under-estimating the negative impact that rising joblessness will have on the housing and motor vehicle markets in the first half of 2002
David Orr
When we heal the earth, we heal ourselves.
earth heal
Become ground zero in this movement.
movement
psychology negative market impact rising view
We have often noted the Fed tries to choose a policy action that minimizes the consequences of a mistake. Which would have the least negative consequences today: easing too much and setting off an excessively strong rebound or easing too little and allowing the economy to slip back into recession? We would vote for the former.
action negative today strong choose mistake economy consequences vote recession
We're looking at an innovative non-standard way to float the company, that may involve giving existing shareholders priority in any offering. We're not ruling anything out.
giving company
It's like the kid doesn't want to take any medicine, but it's good for him,.. It's a little medicine now versus a lot of bad medicine later.
good medicine bad
[Increased interest rates might also mean a smaller pay raise as well as a more gradual increase in the value of your investments. But slower may be surer.] In the late 1970s and early 1980s, people were getting 10 percent pay raises,.. But housing prices were going up 12 to 15 percent, and so were cars.
people early cars interest 1970s
I think the bond markets are getting a head fake here because [the Fed] explicitly said that they are going to be on guard
fake head bond
I still think there's a better than 50-50 chance they will raise rates again.
chance
The data reflect that main concern that Mr. Greenspan has voiced in his recent comments, i.e., that with labor markets this tight, there is a real risk that compensation costs will accelerate faster than the ability of productivity gains to offset those costs, thus boosting unit labor costs and thereby generating price increases
labor ability compensation productivity real data risk price concern
Hope is a verb with its shirtsleeves rolled up.
hope
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