Word: outlooks
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Dates: during 1980-1989
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...reach the $300 billion range by the end of the decade. If that happened, said Feldstein, federal borrowing would be swallowing 75% of American savings and putting powerful upward pressure on interest rates. Even Treasury Secretary Donald Regan, usually an optimist and a critic of Feldstein's dour outlook, admitted that "without proper fiscal and monetary policies, there is a possibility of our slipping back into a recession in the U.S." Unless the Federal Reserve speeds up growth of the U.S. money supply, warned Treasury Under Secretary Beryl Sprinkel, a recession could start this year...
While the White House feuds and Wall Street frets about runaway federal deficits, Main Street is deeply concerned too. The issue has become the most visible and powerful symbol of the general public's fears about the outlook for the U.S. economy...
...survey showed that much of the public was scarred by the 1981-82 recession and remains wary about the outlook for the future. Fully 50% of those questioned reported no improvement in their standard of living over the past year. Moreover, people's expectations about how they will fare in the coming months have barely improved since the depth of the slump in December 1982. Some 50% saw better days ahead for themselves when questioned then, compared with 52% today...
...concerned, you can throw it away." So replied Treasury Secretary Donald Regan to Senators who pressed him to say what he thought of a 343-page report on the economic outlook. Prepared by Democrats? No, by his supposed colleague in the high command of the Reagan Administration, Council of Economic Advisers Chairman Martin Feldstein. In case anyone missed his meaning, Regan offered the particulars of his contempt: "I disagree with Feldstein's assessment of the dollar, his views on the deficits and interest rates, his rhetoric about the future and his assessment of the budget...
...threats shake top executives more than takeover fights for their companies. Such battles often consume colossal amounts of time and cash and strip the losers of their jobs and power. New merger wars are now sweeping across U.S. industry, and the outlook is for more contests ahead. Says Jeffrey Berenson, managing director of mergers and acquisitions for Merrill Lynch: "The whole merger arena is on fire again. 1984 is starting out as another blockbuster year...