Word: bullish
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...Bush fail so they could pick up seats in 2002. But even as lawmakers speak publicly of bipartisanship and healing, they speak privately of the deep pessimism that has settled over Washington. One hears it not simply from liberals but also from moderates in both parties who had been bullish about Bush's chance for success. "I'm in the realism category now," says Representative Charles Stenholm, a conservative Texas Democrat who had radiated optimism just days before. "It's going to be difficult...
...Israel's doves opted to back Ehud Barak, although the strength of the challenge by Shimon Peres suggests they're not exactly bullish about the prime minister. The leftist Meretz party ended Peres's hopes late Thursday, by declining to nominate him as a candidate in Israel's prime ministerial election on February 6. That's good news for Barak, whose supporters have been pleading with Meretz to support the prime minister so as to avoid splitting the peace camp, although the strength of the challenge by arch-dove Peres bodes ill for Barak's efforts to regain the confidence...
...Global Trends" is also a little less bullish on economic prospects than the politicians to whom the intelligence community reports. The report predicts continued acceleration of globalization, with the unrestricted flow of information, capital, goods, services, culture and ideas fueling economic growth. But the benefits of such growth or are far from universal, and the process expands the volatility of the international financial system. The authors take care to warn of new financial crises ahead, and express the hope that those can be resolved as rapidly as the 1998 Asian meltdown was. They also warn that a sustained downturn...
...Social Security, Bush's large-scale reforms, which partially privatize the program, are fraught with hidden risks and dangers. Although the lure of high returns from private investing might seem attractive, such promises assume an unreasonably bullish market and do not account for obligations to our current retirees--essentially spending the same money twice. In fact, the best estimates of Bush's plan show that it would cause a 20-year period of Social Security bankruptcy. The recent volatility of the stock market should make voters wary of such drastic privatization. Not to mention the fact that Bush's social...
...side, though, that stuff is still catnip for Alan Greeenspan, and lower interest rates is what America's big companies crave. So as the economy slows down - without screeching to a halt, of course - blue-chip investors like their chances for a bullish winter and spring, and Dow 13,000 has been bandied about rather credibly lately...