This Week's In the News chronicles recent US stock market highs and lows attributed to FRB BOG opinion, economic crises in Japan and Russia, and political instability, among a multitude of other factors. The resources discussed provide background information on the previously robust US market, analyses of international economic crises, news, FRB BOG speeches, and access to current US economic statistics. On September 8, 1998, Wall Street investors cheered as the Dow Jones industrial average climbed to a record high gain of 380.53 points. Many analysts fear, however, that this sharp rise is merely a manic high set off by FRB BOG Chairman Alan Greenspan's encouraging speech delivered at the University of California at Berkeley on Friday, September 4, 1998. Chairman Greenspan indicated that the BOG may lower interest rates in the future; however, just 24 hours before his speech, the Dow closed at a loss of 100.15 points.
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