Word: boom
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Dates: during 1980-1989
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...American economy. Under Reagan, the nation's debt has soared from $794 billion to $1.9 trillion. American capital has been drained paying off the debt, the only budget item in the Reagan Era to increase at a higher rate than military spending. Foreign money fueled the Reagan Boom, and it was foreign money that, understandably, bailed out as soon as the going got tough...
...market's rapid conversion from boom to gloom may well signal a fade-out of confidence in America's long-running economic good times. Despite reassuring words from the White House and Treasury Secretary James Baker, the unruly mob on Wall Street saw only the threat of rising interest rates and faltering economic growth. "I fear we will have the worst of possible worlds, with high interest rates and a recession," said Rudy Oswald, chief economist...
...hope this boom goes on. I think it's delicious," Johnson said, discussing Boston's recent building craze. "I trust it. I love it. I know you'll do it right," he said of the city and the architectural decisions it faces...
...What should be the aim of the city in the throes of this boom? There's no answer. Certainly architects don't have the answer," he told an audience of 150 in the new building's lobby...
...least this is the message they sent me when they invited mostly bankers and consultants to their little job mart in Memorial Hall on Friday. Aren't there other things that we could do next year besides fly down to New York and try to cash in on the boom in the financial market...