Word: overreactions
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...Moscow last week did the Soviets become cooperative in releasing the Americans and their ship. Captain Tabb Thorns and his crew of four were finally put aboard the U.S. Coast Guard cutter Sherman during a prearranged rendezvous in international waters. The episode underscored the propensity of the Soviets to overreact to even the most innocent intrusion into their territory...
...besides the press views its exclusion from Grenada as "a bad mistake"? Newspeople have become so smug, arrogant and manipulative that they overreact to any attempt to get balance into their reporting...
...testimony, Volcker sought to reassure both those who worry lest the Fed overreact to the monetary growth and those who fear that it will do too little. He acknowledged that the Federal Reserve has been tightening over the past six weeks, and hinted that it will continue to do so. But he denied that the Federal Open Market Committee, the central bank's policymaking arm, had decided last week to clamp down hard on money. The day before Volcker testified, the twelve-member group completed a two-day meeting at which it determined guidelines for the next 18 months...
...People lend to overreact to these things but it'll be a while before announce starts talking about a cure," he said...
Begin came first to the afternoon meeting. I told him quickly that Sadat would present a very aggressive proposal and cautioned him not to overreact. Sadat soon arrived. I decided to play a minimal role during these first sessions so that the other two could become better acquainted. I knew what they had to say. I could have recited some of the pertinent passages in my sleep...