Word: dampers
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...even the recovery hopes are putting a damper on the recovery hopes. Expectations of a better economy in 2002 - and of big budget deficits for years to come - have prompted the bond markets to bid up long-term interest rates up nearly a full percentage point since early November. Long-term interest rates, of course, are otherwise known as mortgage rates - the ones that keep consumers buying homes, refinancing mortgages and generally feeling flush. They have an annoying tendency to act independently of Greenspan's wishes. And expensive money for borrowing consumers - and borrowing corporations - are nobody's idea...
...could be a real grind-it-out comeback. Although consumers have been pretty stalwart, considering, about doing the patriotic thing and spending their money, the job market is still a very scary place, and the emotional pallor of the post-Sept. 11 world still means a damper on traffic at the malls. (Just ask retailers this winter. Or better yet, look at their discounts.) Consumers, accounting for two thirds of U.S. economic activity and generally very conscientious about it, have pulled us through one potential economic crisis after another through the 90s, and they can't be blamed...
Nevertheless, there are a few things that put a slight damper on the production. First of all, fans of The Who may not embrace the production’s rendition of “Pinball Wizard.” Though there is nothing particularly wrong or lacking with the staging or singing of the number, the fact that The Who are not performing it, and that the orchestration is altered for the theatrical version, make it less than fulfilling...
...specter of Sept. 11 unfortunately threatens to put a damper on the party. At the insistence of overzealous parents, we will undoubtedly see a lot more Teletubbies on the streets tonight, and many fewer ninjas and G.I. Joes. Tensions after the terrorist attack leave all of America in a quandary: Do we abandon the customary revelries of Halloween out of respect for the victims of terrorism...
...Earthbound home prices alone could put a further psychological damper on consumers who are already forsaking Macy?s for Wal-Mart; a slowdown in home sales tends to have a wider and more tangible effect. Housing is known as an "umbrella" sector, because a new home generally comes with other new stuff, from renovations and additions to washers, dryers and home entertainment. In other words, much of the seemingly quixotic summer strength in consumer spending grew out of the housing sector, and the housing sector may be about to cool...