Word: troughing
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...savings and loan executives and analysts believe the thrift industry needs an even more aggressive cleanup. But Wall contends that the problems are contained mostly in one region. Says he: "Aside from Texas and the other oil- patch states, there is no question that we are well past the trough." In fact, more than 100 of the 280 or so thrifts in Texas are technically insolvent but still lurching along in business. FSLIC will have to clean up that gulch of insolvency as soon as possible if it hopes to maintain confidence in the thrift industry as a whole...
...crude, however, is likely to drive the price below $20. The Organization of Petroleum Exporting Countries is now pumping 17 million bbl. a day, well above its official production ceiling of 15.8 million bbl. The consensus of energy forecasters: oil will not return to last year's $10 trough any time soon, nor will it climb to the $30-plus range that bedeviled consumers in the early 1980s...
...internal rhymes of current art and to the cross relations between artists. What we have is an Alexandrian fallback -- a sense of the basically academic nature of most "advanced" American art, its recoil from making big parodies of invention, its desire to navigate honorably in a cultural trough whose sides are lined with art fans...
...factor that has had the greatest single impact on Japanese trade is the skyrocketing value of the yen, which has risen 60% against the U.S. dollar since September 1985. The steep rise in the yen has helped push the Japanese economy into a trough. The change in currency value was expected to help correct the trade imbalance by making U.S. exports to Japan cheaper and Japanese exports to the U.S. more expensive. Finally, after long and frustrating delays, there are signs that such changes are slowly coming about. The Japanese claim their U.S. imports last year rose by almost...
...infusion of at least 50 million foreigners into the U.S. during the next century will be the reason the population will continue to expand even if the birthrate stays in its present trough. Although the birthrate has risen slightly in the 1980s, the increase has been caused chiefly by the large number of baby-boom women of childbearing age. Immigrant communities tend to grow faster than the U.S. population at large; Hispanics in the U.S., for example, should increase at a rate of 3% a year until the end of this century. Even allowing for that, the U.S. fertility rate...