Word: bearish
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Last week, in a calm, sober study, Roy L. Reierson, vice president and chief economist of Manhattan's Bankers Trust Co., concluded that the bearish worries had far outrun the possibilities. "There is some feeling that the American economy may, within the next few years, be engulfed by a speculative, inflationary burst involving a flight out of dollars and money assets and into tangible property, gold or equities. The odds do not seem to favor such a prospect at this time...
...grey lining. Much of the May job increase resulted from a surge of hirings for construction projects that had been delayed by early spring's foul weather; employment in manufacturing, the economy's soft spot, actually declined again in May. And Capitol Hill's bearish Joint Economic Committee predicted last week that the economy will not get back its full pre-recession robustness until mid-1959 at the earliest, and possibly not until late...
...those still in a bearish frame of mind, Roy L. Reierson, vice president of and chief economist for Manhattan's Bankers Trust Co., argued that the leveling out of the economy is still ahead...
...there were bearish reports, too. The Labor Department announced that in mid-March nearly half of the U.S.'s major employment areas had a "substantial labor surplus," meaning 6% or more of the labor force out of work. And auto sales were creeping along at a rate of 3,500,000 a year, as against 1957 sales of nearly...
...Chairman William McChesney Martin Jr. and his board approved a cut in the discount rate from 3½% to 3% by Federal Reserve Banks in New York, Richmond, Atlanta and St. Louis. The remaining eight districts were expected to follow soon. Next day the stock market reversed its bearish decline of recent weeks (see below), and U.S. businessmen everywhere breathed a sigh of relief...