Posts Tagged ‘Momentum’

Greenspan says “momentum is very clearly there” in economy

Former Federal Reserve Chairman Alan Greenspan said the economic recovery is building momentum, supporting the Obama administration’s increasingly confident outlook. “The momentum is very clearly there, and I doubt very much that we’re going to run out of that momentum until very late in the year,” Greenspan said.

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Greenspan says “momentum is very clearly there” in economy

Former Federal Reserve Chairman Alan Greenspan said the economic recovery is building momentum, supporting the Obama administration’s increasingly confident outlook. “The momentum is very clearly there, and I doubt very much that we’re going to run out of that momentum until very late in the year,” Greenspan said.

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Geithner, Brown Split on Tobin Tax at G-20 Meeting

(Bloomberg) — Group of 20 governments split on whether to tax financial trading as part of a broader strategy to ensure the global economy’s expansion is less crisis-prone.U.K. Prime Minister Gordon Brown told a meeting of finance chiefs in St. Andrews, Scotland yesterday that such a levy could prevent excessive risk taking and fund future bank rescues, adding momentum to a debate begun by France.

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Buffett carefully shifts Berkshire from stocks to bonds

Preparing for a shaky economic recovery that could take a while to pick up momentum, Warren Buffett is rebalancing the investments of Berkshire Hathaway. He is scaling back investment in stocks and putting more capital into corporate and government debt. “We are not out of problems yet,” Buffett said.

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NYSE gains momentum in IPO battle with Nasdaq

This year, the New York Stock Exchange has snagged 11 of the 15 initial public offering listings, while Nasdaq has stumbled, according to data from Thomson Reuters. Nasdaq had more than 90% of IPO listings in 1999 and 2000 and a 67% market share as recently as 2007.

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