Word: bearishness
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Dates: during 1970-1979
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According to money traders, American companies have been selling dollars quite as actively as European and Japanese firms. Indeed, André Scaillet, chief money trader in Europe for First National Bank of Chicago, said before last week's rescue that American businessmen "are frequently more bearish on the dollar than the Europeans." Moreover, the selling had spread from U.S.-based multinationals to ordinary companies in the American heartland. In most cases, however, the selling was self-protective rather than speculative in the true sense; if a manufacturer in Illinois bought steel from a German mill, it had a strong motive...
American heartland. Says Scaillet: "Ten or 15 years ago, American businessmen were so proud to have the dollar. If you talked about the possibility of a depreciating buck, they would laugh in your face. Now they are frequently more bearish on the dollar than the Europeans...
ALTHOUGH the mystery becomes ultimately unsatisfying, it is not the important part of this charming film; the romance between Lise and Antoine takes over, leaving the viewer happy in the knowledge that there is love in middle age. Noiret, a bearish, bemused-looking type, brings a wonderful sense of middle-aged bewilderment with the trappings of everyday life that complements his intelligence and humor. His winning portrayal of an academic bachelor suddenly rekindling his interest in the outside world charms the audience and negates the possible adverse appeal of his tubby, if otherwise endearing, figure...
...insipid and invertebrate. How welcome, then, to find Laurence Guittard imbuing the role with solidity! Orsino's understanding lags behind his feelings, but the man does feel. Guittard gives us the melancholy, but he also gives us the passion and assertiveness (the name Orsino, after all, means "bearish"). He speaks sonorously and creates a duke of real size...
...rapid rate of growth to continue through the second half-though nobody is forecasting anything like a recession. Charles Schultze, the President's chief economic adviser, forecasts a steady if unspectacular 5% rate of expansion for the rest of the year, and most other economists agree. A bearish minority, however, fears that the economy could be in for a more substantial slide. Says Tom Dernburg, senior economist of the Congressional Joint Economic Committee: "I'm just not convinced that the economy is going to end up looking as bright as the Administration claims...