Word: feeling
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Dates: during 1980-1989
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...health does have an enormous impact on consumer confidence, and thus on economic growth. The mechanism is as much psychological as it is financial. For the past five years, as long as the economy perked along nicely and the stock market bounded upward, it was easy for Americans to feel prosperous, whether they actually owned any stocks or not. Families were willing to take on mortgages to buy new homes, in part because they believed the economy would continue to grow and the value of the home would appreciate. Those who did own stocks enjoyed a dramatic increase in their...
...many people watching stock prices plunge last week, that sense of security dissolved. "I feel a lot poorer today," sighed Bee Fitzpatrick, a New Orleans mother of two. Even if the market recovers some ground over the next few weeks, many people will still be uneasy about the future after seeing how far and how fast stocks can fall. As Columnist Robert Reno of Newsday, a New York newspaper, put it, "Nobody who has been on a falling elevator and survived ever again approaches such a conveyance without a fundamentally reduced degree of confidence...
...accord's five signatories, Azcona is most mindful of the Reagan Administration's reservations about the plan. Two weeks ago, Azcona hinted strongly that if the Sandinistas fail to comply with all the requirements of the peace plan by the Nov. 5 cease-fire, he would no longer feel bound to abide by the accord. Last week, however, he encouraged President Reagan to withhold further military aid to the contras at least until January, when the five Presidents will evaluate the plan's progress. He suggested that Congress might approve Reagan's request for $270 million in new aid, then...
...feel President Reagan fully understands the problems facing the country today, or are many problems beyond his grasp...
...their currencies against the dollar, even if it meant cutting into their profit margins. "The average foreign producer is probably selling at a loss right now," says Stephen Roach, a senior economist at the Morgan Stanley investment firm. Another factor is a reluctance among many U.S. businesses, which feel content with America as their main marketplace, to take advantage of the falling dollar to expand their sales abroad. Says Vladimir Pucik, assistant professor of international business at the University of Michigan: "What many American companies are doing is concentrating on defending their own territory. That's not enough...