Word: cassandras
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Such forecasts may sound Cassandra-like. The thrift institutions took in money at a record clip early this year and still have plenty to lend: they hold more than $405 billion in assets. Treasury borrowing in the fourth quarter is supposed to decline from the current quarter, though that is not certain. Nonetheless, the threat of continued disintermediation is pushing savings institutions into taking protective action. Already many are cutting back on mortgage commitments for the rest of this year; in the past few weeks several have raised mortgage Interest rates by about a quarter of a percent...
Cavafy is a laureate of loss: loss of youth, loss of love, loss of existence. Some poets seem to be peering at the dawn of the world; Cavafy stares at its doom, a weary Olympian contemplating the "toys of fate." With age, the poet might have become a complete Cassandra of declivity. But he never relinquished his belief in the power of the artist to transform the sordid into the contemplative serenity of beauty...
Administration reaction to the spurt was mixed. Treasury Secretary William Simon, an inveterate Cassandra, warned that "inflationary pressures remain a serious and continuing problem." White House Economic Adviser Alan Greenspan more optimistically told the Congressional Joint Economic Committee that the June rise does not foreshadow "a new burst of inflation," but conceded that it does mean the U.S. will have to settle for a "base rate of inflation" higher than 3% to 4%. One reason that price boosts may not continue at the June pace: meat prices have leveled off in recent weeks as larger supplies of beef have begun...
...part of the natural world of the English countryside-their enemies are bulldozers and carnivores and bad weather, not trolls and sorcerors. Watership Down is a fantasy in which the rabbits talk to each other, and otherwise behave inteligently in their own rabbit-like ways. One of them, Cassandra-like, prophesies the future and sets them off on their adventure. Adams has that streak of Pessimism too, he's just more cautious. Even after the "most extraordinary phenomemon" of Watership's success. Adams didn't quit his Civil Service job. He waited until the publishers accepted his second novel. Shardik...
...Cassandra tone typifies Simon's current role-and his questionable future in Government. Once supremely confident of his ability to deal with what he called the nation's "infinitely solvable" economic problems, he now sees himself as the sound-money "conscience" of the Government, repeating dire warnings that he knows few politicians want to hear. To a nation frightened by the deepest recession and highest unemployment since before Pearl Harbor, Simon insists that inflation is the greater long-run peril. To a Congress bent on cutting taxes and raising spending far more than the Administration wants, Simon endlessly...