Word: happen
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Dates: during 1980-1989
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...foreign debt of about $250 billion. Economists across a broad spectrum of ideological positions warn almost with one voice that this situation is precarious in the extreme. Foreigners will not continue forever to finance American profligacy, and the stock-market crash was a relatively mild foretaste of what could happen if they pull their money out. The nation would then face a grim choice of financing the deficit by ruinous printing-press inflation or a sudden, brutal cutback in spending that might trigger a real economic bust...
...deficit will take years, and will probably require a cut in American consumption -- meaning, in other words, at least a temporary reduction in the standard of living. Many economists think the dollar will have to fall further too, reluctant as both U.S. and foreign moneymen are to see that happen. The reluctance is understandable. Unless a decline is carefully managed, it will raise two dangers: a renewal of inflation and a panic flight of foreign capital from the U.S. (since foreigners would not be eager to hold dollar- denominated investments that shrank in value against their own currencies...
...foundering presidency: the long- awaited and much heralded visit of Mikhail Gorbachev to the U.S. But the Soviet leader was curiously circumspect as he posed with the Secretary of State last Friday in the ocher-colored St. Catherine Hall of the Kremlin's Great Palace. "I think this will happen," he replied, somewhat evasively, when reporters questioned him about the prospects for a summit. Asked whether he would like to see just Washington or the rest of the country, he again sounded a note of doubt. "I would like to see the country, the whole country," he answered. "Whether...
...voodoo economics. Highly visible as Senate minority leader, Dole projected the image of a concerned legislator ready to negotiate on the deficit. While skirting talk of a tax increase, Dole deftly tossed darts at the White House, describing himself as a "hands-on person. I don't let anything happen in my office that I don't know about...
...Boston; Goldman, Sachs. Speculation swirled so briskly around Hutton that President Robert Rittereiser had to assure employees that the firm's financial resources were "strong and fully adequate." Though similar reassurances echoed up and down Wall Street, they left many doubts. As the stock-trading chaos continued, what would happen to the $50 billion American securities industry...