Word: bullish
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Dates: during 1980-1989
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...confusion, each school makes use of economic models that reflect its pet theories. Some supply-side predictions have been overly bullish, for example, while the Keynesian and monetarist outlooks have mostly been too cautious...
...properties. The Hang Seng stock market index, perhaps the most vivid thermometer of economic faith, has dipped by more than 30% in the past two years. With confidence somewhat buoyed by Howe's reassurances, it climbed 66.95 points, to 893.69 in a single day last week, its most bullish performance since the talks began in September...
...Bullish tidings gladden both moneymen and the Administration
...While bullish on high living, they tend to be bearish about managing their $4 billion portfolio. By switching from stocks to bonds in a timely fashion, they were able to outdistance most of their competitors during the market slides of 1974, 1977 and 1981. Last year, however, their performance was lackluster. Ever the pessimists, they underestimated the length of the stock rally and sold out too soon...
...quickly-in the 1985 budget that it will present in January-to reassure the financial markets. Already the markets are betting that high interest rates will soon push inflation, now running at less than 5%, toward double digits. For the short term, however, most Wall Street analysts are more bullish than Feldstein. If anything, consumers are more confident. Retail sales are running 20% over last year at some stores. Says Richard Thomas, president of First Chicago Corp.: "When people are not worried about losing their jobs, they are more relaxed about spending their money...