Word: bullish
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Such forecasts reflect bullish signs on the economic front. The Federal Government reported last week that business activity was healthier in 1984 than at any other time in recent memory. The gross national product grew 6.8% during the year, for the largest increase since 1951. Inflation, meanwhile, was just 3.7% for the year as a whole, the lowest since 1967. Said Jones: "We may be entering a new golden age similar to the 1960s, when we had both low inflation and solid growth...
...when he stubbornly insisted that the economy would come "roaring back" in the near future and stage "one of the greatest recoveries in history." Critics charge that he accepts any economic nostrum that strikes the President's fancy and sells it as one more way of getting "bullish on America," the corporate slogan that was instituted while he was president of Merrill Lynch. Says Congressman Fernand St. Germain, chairman of the House Banking Committee: "Donald Regan faithfully implemented whatever Reagan Administration economic policy was in vogue at whatever moment...
Merrill Lynch is bullish on the whole medical field. Says one of its top stock market strategists: "The health business is bound to be good. People want good medical care, and there will always be a demand for the services that health care corporations provide." For Humana, that sounds like a prescription for continued healthy profits...
...That prospect had Caldwell tempering his own optimism for the year ahead. Said he: "The specter of higher interest rates is disturbing. People in the business community are very concerned." However, Walter Wriston, former chairman of New York's Citicorp who retired in August, offered a more bullish view when he predicted a "drifting down of interest rates over the next six to eight months...
...Carper professes not to mind that Du Pont plans to spend $300,000 more than he, insisting, "I'm used to being outspent. I overcome it by an intense, person-to-person grass-roots campaign." Carper, who supported Gold water in 1964, is a fiscal conservative who is bullish on defense. On most issues, the two candidates appear to agree. Carper is gambling that his experience and folksy manner will play well against Du Pont's gilded edges...