Word: tightenings
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Dates: during 2000-2009
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...wasn't in the bag, as McCain well knew. His lead had evaporated because Bush had been raising some tough (but not especially outrageous) questions about McCain's tax-cut plan; because New Hampshire races often tighten in the last week; and because McCain's hip-shooting style had finally backfired...
...should ride in forward-facing safety seats with a five-point harness system. The seat should be installed very tightly, with less than an inch of "wiggle." To achieve this, I had to stand inside the car and shove the car seat down with a knee while tightening the lap strap through the back. Test the tightness by trying to yank the seat from its mooring, then tighten some more. Starting next year, new cars will have permanent metal pins behind the seat that will make for an easier and more secure...
...passes, though. After a day or two of bumbling, fumbling and grumbling, the training schedule ramps up again and we find ourselves dragged by necessity back to our old heights of motivation. Formations tighten up; cadences grow loud and crisp again; words of appreciation are uttered at meals...
Second, the Federal Reserve is expected to tighten rates, maybe even dramatically, to try to cool off the consumption boom. An aggressive tightening could wreck whole sections of this market, from cyclical industries like coal and steel and copper companies to banks and savings and loans. Cyclicals need low rates to keep the expansion going. Financials rely on the spread between short rates and long rates for much of their profits, and if the Fed takes up short-term rates, their margins will be squeezed and their earnings could disappear...
...dotcoms and their Net-infrastructure brethren have proved immune to higher rates. How else can you explain the NASDAQ's 80% increase, the greatest uplift in any U.S. average's history, in light of the major interest-rate rises of 1999? Put simply, any Fed moves to tighten may set off a further stampede into the hottest stocks around...