Word: erraticism
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The life-cycle model assumes that individuals make a financial plan for their whole lives based on their estimated present and future wealth and that they save according to this plan and consume all their savings during their lifetimes. Studies by several economists have generated erratic results using the model...
Long became assistant majority leader in 1965, but his stewardship was erratic because of drinking and marital problems, and Ted Kennedy ousted him in 1969. Soon after, he remarried, swore off the bottle and has been back at his eloquent best ever since. Using rhyme to reason, he coined a...
American consumers have a direct stake in the unfolding farm debate. By setting price levels for farm produce, Government programs have prevented wide swings in food costs. Ending supports could result in more erratic fluctuations. Food prices rose a moderate 4% last year, a bit less than the consumer price...
In the days following the cancellation of the merger, Occidental shares regained most of their losses. But there can be no doubt that Bricker's stock has fallen. Said one executive who took part in the negotiations: "The way things turned out makes Diamond management look a little erratic." Furthermore...
"Up until now the weather has been very erratic but now were able to make snow," he added.