Word: expansionism
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Dates: during 1980-1989
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Something has always separated Citicorp Chairman John Shepard Reed from the crowd. While many of his high-powered banking colleagues must lumber along in English on their travels abroad, he can close a deal in fluent Spanish or Portuguese. A political independent in a Republican-dominated business, he once criticized...
But if things are so good, then why is there so much nervousness in the air? Why is the dread word recession turning up in more and more conversations? The inescapable fact is that the economy is facing dangerous potholes ahead that could badly jolt the expansion or even bring...
By the most comprehensive measure -- the gross national product of goods and services -- the U.S. expansion is still moving forward. For the first three months of the year, GNP increased at an annual rate of 4.3%, the largest quarterly gain since 1984. While that surge partly reflected a rise in...
Moreover, most forecasters agree that the expansion still has a way to go. Says Alan Greenspan, a New York City-based economic consultant: "We are going to slug along." The consensus forecast of 51 economists and institutions surveyed in the Blue Chip Economic Indicators newsletter is that GNP will rise...
Escalating interest rates could easily stall the economic expansion, and there are signs that more hikes are on the horizon. Last week several leading banks boosted their benchmark prime lending rates to corporate customers from 8% to 8.25%, the second time in two weeks that the key rate has risen...