Word: slumping
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Dates: during 1980-1989
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Whether the stock surge was the start of a long Reagan rally was problematical. If the buying spree continues, it will be in the face of not only signs of continued economic .slump and inflation but also some Wall Street history. In modern times, stocks have usually climbed through the first year of a new Democratic Administration.* But the last time the Dow rose in the Inaugural year of a Republican Administration was in 1925, after Calvin Coolidge was elected...
Fleming hit the twines last year at a 19.9 points per game clip, while gathering in an average of 6.0 rebounds on the way to All-Ivy honors, and with a little luck he will avoid another mid-season slump...
...have dropped about 10% to 15% since last year. In the past five years the industry has lost an estimated 145,000 jobs. The Europeans have long had a thinly veiled cartel arrangement that included voluntary quotas on steel production. But when the market went into a free-fall slump early this year, the agreement fell apart, and many companies began scrambling to undercut their competitors. Firms were often selling steel for much less than it cost to produce. Last month the Common Market threatened to impose mandatory production cutbacks in order to stop the steel free...
...Germans bluntly doubt that the plan will work and expect price cutting to continue. Said Lambsdorff: "Such a system can only last a limited time, and then it will break down." Until the international economy picks up in perhaps 18 months steelmakers are likely to continue facing a sales slump and stiff competition...
...poor quarterly reports show that some U.S. corporations have yet to escape from the mire of recession, despite signals that the slump is over. The Government reported last week that its index of leading economic indicators, which seeks to predict future business trends, jumped 2.4% in September, the fourth consecutive monthly increase. Yet interest rates continue to rise like an incoming tide. Major banks last week hiked the rate they charge their best corporate customers another half point to 14.5%. That could easily snuff out any strong economic recovery, and it may mean that business reports for the fourth quarter...