Beryl Sprinkel Sticking with his Monetarist Lessons
Article Abstract:
Sprinkel has long had a monetarist outlook. He is a prominent government spokesperson for monetarist policies both on domestic and foreign levels. Sprinkel is proud of the recovery's progress, and hopes that the Federal Reserve will not permit heavy increases in the money supply. He believes the dollar may grow slightly weaker, there will be an upward trend in interest rates, an unfavorable trade balance may well continue, and traditional commodities will not be as appealing as stocks and bonds. Sprinkel has been greatly influenced by Milton Friedman and Frank Knight. Sprinkel is thought to be one of the most powerful undersecretaries of the Treasurey in history. His critics claim that he has been too hard on protecting the dollar's strength and inflexible in international financial negotations.
Publication Name: Futures: Magazine of Commodities & Options
Subject: Business, general
ISSN:
Year: 1984
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Will the Stock Market Bull Keep Charging?
Article Abstract:
Overall, a moderate bull market is predicted for 1984. Experts advise extreme caution for investments in high-technology, over-the-counter, and penny stocks. Old favorites, such as General Motors and IBM, are predicted to show gains in 1984. Debate focuses on the status of the market; growing or aging conditions are considered. Certain experts expect that broadly-founded market moves are unlikely to continue. Selective growth, particularly in blue chip stocks, is expected to characterize 1984. The current environment of low inflation may cause higher multiples, a situation which favors bonds, more than stocks. Various economists' perspectives are compared; some consensus addressed the demise of the bull market in late 1985. Graphs of market cycles and federal fund rates are featured.
Publication Name: Futures: Magazine of Commodities & Options
Subject: Business, general
ISSN:
Year: 1984
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Savings and Loans Getting Hedged Relief
Article Abstract:
Savings and loans now are almost completely deregulated and are faced with some new challenges because of it. Deregulation has opened up new doors for savings and loans in the area of asset and liability management. There has been a spurt of growth in the industry in the last few years. Assets have increased, and most of them are in Treasury or mortgage-backed securities which are both interest-rate sensitive investments. Most savings and loans are setting up a hedge program to protect the gap between their assets and liabilities. Some institutions have been able to afford their own hedging specialists while others hire outside experts.
Publication Name: Futures: Magazine of Commodities & Options
Subject: Business, general
ISSN:
Year: 1984
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