Word: rebounding
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Dates: during 1980-1989
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Harvard's stronger halfback play let the booters recover quickly. After goalmouth pressure and shots by Catliffe and forward Lane Kenworthy, reserve midfielder Glen Brack knocked in a rebound with 22.38 remaining...
Last summer, after the U.S. movie industry had begun its rebound from a 214-year slump to record the biggest box-office grosses in its history, the story was front-page news and real tinsel was flying from every flagpole in Bel Air. This summer the lines outside movie theaters are even longer, but nobody seems to be shouting. The industry appears so robust that its latest gains are almost unremarkable. According to Variety, ticket sales were up 10.5% for the month of July, and about 9% for the year so far, over comparable 1982 figures...
...bull market's first birthday, Citibank threatened to spoil the party. It raised its prime rate from 10½% to 11%. Other banks followed, and stock prices sank as they almost always do when higher interest rates loom. By week's end they had begun a modest rebound, but investors remained nervous. Even so, nothing could change the fact that it had been quite a ride-and, despite the inevitable "corrections," it might have a lot more mileage...
...recovery from the recession that ended last November. Says Walter Heller, chairman of the Council of Economic Advisers under Presidents Kennedy and Johnson: "The rise in the value of the dollar is putting the world economy on an extremely dangerous course. It has prevented Europe from having a healthy rebound and is placing tremendous pressure on developing countries. For the U.S. it has meant an absolutely miserable performance when it comes to exporting American products...
...many economists, the speed of the rebound is unsettling. They point to an alarming bulge in M1, the basic money supply, which consists chiefly of currency and bank checking accounts. In the past six months, M1 has been growing at a 13.5% annual rate, despite a $3.2 billion drop reported last week. That pace could eventually overheat the economy and spark a new run-up in prices. The Fed's announced target range for M1 growth for the year is 4% to 8%. Says Rudolph Penner, an economist at the American Enterprise Institute: "If there's no clampdown...