Word: bulled
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Dates: during 1980-1989
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...Reagan, formerly the ardent apostle of balanced budgets, submitted a plan for fiscal 1984 with a shortfall that approached $200 billion, political paralysis seemed to set in. The enormity of the deficit monster eventually led to a feeling of futility. In addition, encouraging economic signs, such as a record bull run on Wall Street and continued moderation of inflation, raised hopes that the economy would continue its upward climb despite the deficits, at least until the 1984 elections...
...account, Great Forgers and Famous Fakes, Autograph Dealer Hamilton quotes a letter from Forger Arthur Sutton, whom Hamilton had helped to expose, causing Sutton to plead guilty to fraud. "I have always had the greatest respect for you," wrote Sutton, who crafted the signatures of famous figures from Sitting Bull to Richard Nixon and Marilyn Monroe. "I am glad I have been caught and can promise I will never forge any autographs ever again." Admitted Hamilton, in a public aside to Sutton: "It is the forgeries and fakes that give piquancy and excitement to the chase. Without them, philography would...
Wall Street's bull market suffered a temporary setback last Monday, when the Dow Jones industrial average plunged 21.87 points, its steepest slide in almost two months. Later in the week, though, the market charged back smartly and closed at 1232.59, another record high. The short-lived sell-off was sparked by Barton Biggs, 50, chief portfolio strategist for Morgan Stanley & Co., the Manhattan investment banking firm that handles $7 billion in investments for clients, including about $5 billion from Kuwait. During a routine Monday-morning planning session, the gist of which was flashed to Morgan's clients...
...correc ion, but not the 10% to 15% anticipated by many of his Wall Street colleagues. He still strongly favors blue-chip companies that will benefit most from a slowdown in inflation: IBM, GE, American Bell and 3M. Lower oil prices and interest rates, he says, could keep the bulls going. Biggs last week, using Churchill's famous quote, said the bull market had not reached the "beginning of the end" but the "end of the beginning...
While these ideas might be perfect for late-night bull sessions, they have no grounding in reality. But they are just a sampling of the brazen assertions offered in two new books, The Chemistry of Love by Michael Liebowitz, a psychiatrist at Columbia, and Science and Moral Priority, by Roger W. Sperry, a psychobiologist from Cal Tech. In fact, it seems that these two scientists, who have had much success in the labs, have a rather inflated idea of what science can do. Both men have been blinded by their own successes into thinking that they can begin to solve...