The Word Most Desperately Avoided Federal Reserve Chairman Alan Greenspan called it a "meaningful downturn." Chief White House economist Michael Boskin dismissed it as a "lull." President Bush described it as a "slowdown." But by the end of the year, everyone saw it for what it was: a recession.
Sweetest Revenge for a Naysayer Marvin Roffman, a gambling-industry analyst, was fired by his spineless firm, Janney Montgomery Scott, after Donald Trump threatened to sue the firm because Roffman predicted the demise of the high roller's $1 billion Taj Mahal casino in Atlantic City. Just eight months later, the Taj agreed to...
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