Word: thereness
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Dates: during 1990-1990
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There is certainly no shortage of skepticism about Collor's chances of succeeding, even though Brazil's foreign bankers generally approved of the people's choice. "No Brazilian politician has a shred of credibility in the marketplace," says Lawrence Brainard, a senior vice president at Bankers Trust, a major Brazilian...
"Why the devil should you be quoting Felix Rohatyn, who has an absolutely failed record of doomsday predictions?" asks Milton Friedman, Nobel- prizewinning economist at the Hoover Institution at Stanford. "The U.S. economy is fundamentally very healthy, and there's no reason why the '90s shouldn't be just as...
Despite these violent disagreements about the future, there is at least some agreement about the past decade. It began in a distinctly gloomy atmosphere known as stagflation: double-digit inflation combined with growth rates of 2% or less. Cigar-chomping Paul Volcker, then the Chairman of the Federal Reserve Board...
The atmosphere of the 1980s, along with actual crimes, spread a general sense that anything goes. Get rich, borrow, spend, enjoy. Not only Gordon Gekko said greed is good; so did Ivan Boesky, the dapper king of arbitrage, before he ended up going to prison (Gekko presumably landed there too...