Word: brisker
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Dates: during 1980-1989
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...think people believed that interest rates were going to decline." But then President Reagan's budget convinced investors that deficits will remain huge and help push the cost of borrowing higher. To frightened stock-fund managers, that signaled not only slower economic growth but, more important to them, brisker competition from the markets for bonds and other interest-paying investments...
...central bank eased up considerably in the last half of 1982 and early 1983. The change in policy helped push down the prime rate that banks charge for corporate loans, from 16.5% to 10.5%, and triggered an economic upturn last spring that was much brisker than expected. From April through September, the gross national product, adjusted for inflation, expanded at an 8.6% annual pace. The economy was so exuberant, in fact, that the Reserve Board decided to tighten slightly in late spring, and the prime rate later rose a notch, to 11%. Government figures released last week showed that G.N.P...
...barrier to a brisker turnaround remains the federal budget deficit, which the board expects will reach an unprecedented $205 billion in the current fiscal year. The members were chagrined, and even a little shaken, by the failure of Congress and the White House to agree on a new budget last month and offered some deficit-cutting proposals of their...
...misplaced decimal points in certain computations, a flaw quickly corrected. But Opel felt no need to be defensive. Said he: "We added real value to that machine, and we will add more as we go along. The performance characteristics are quite unique." With PCs now selling at a brisker rate than ever, the marketplace apparently agreed that IBM had built the Cadillac of the 1982 class...
...night was enthusiastic but unmemorable. The customary quota of celebrities was not met, although Ryan O'Neal and Farrah Fawcett had ringside seats and Kareem Abdul-Jabbar was blocking someone's view near by. The impression, at least, was that the action in the casino had been brisker at the Ali-Holmes and Sugar Ray Leonard-Thomas Hearns fights, and the high rollers' wardrobes have certainly been brighter. Holmes was an early 8-5 favorite, but the odds shortened to 7-5 with a surge of late Cooney bets...