Word: robust
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Dates: during 1990-1999
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...their nitwit in-laws, send money to brokers they've never met, check their mutual-fund balances too often and lose patience too soon. But my guess is that this year's most popular gaffe will be the way investors categorize in their mind the past few years of robust U.S. stock gains. Some lost souls will view the spoils as perfectly normal and expect more of the same. God bless them. But even those with a sense of history may regard the period as merely unusual when, in fact, the stretch is unprecedented...
James Madison, arguing in favor of the Constitution, said "the accumulation of all powers, legislative, executive and judiciary, in the same hands may justly be pronounced the very definition of tyranny." Well, that is robust rhetoric, but it is not quite true. It so happens that every tyrant has possessed those three powers and that every person who has possessed them has ruled as a tyrant. That, however, is mere coincidence...
...theory went like this: as the price of whiz-bang computers falls, demand will rise even faster. Looks like the theory was actually right. By autumn PC makers from Compaq to Hewlett-Packard to IBM were offering robust multimedia machines for less than $1,000--and nearly a third of all new PCs sold fell into that range...
Just in from the Fed: There will be no change in short-term interest rates. Which was exactly what Wall Street was expecting; trading on both the Dow and NASDAQ was robust all day, and was expected to continue unflinching in the wake of the announcement. Faced with weighing the high-octane U.S. economy against the tenuous financial markets overseas, the Fed has not changed rates since late March; they will remain at 5.5 percent. In Money Daily...
...higher wages will cut into corporate profits. Hormats believes companies also will have to spend more on training programs for any additional workers they hire. Even so, Sinai predicts an 8% gain in corporate profits next year. That would be about half the extraordinary 1997 increase but still a robust addition to already record sums...