Word: boom
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Dates: during 1940-1949
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...five-year boom that had made gold mines out of U.S. horse tracks was petering out. Back in the barns, the "hot-walkers" and exercise boys joked about it: "The suckers [race-trackese for the betting public] are running out of money." Even touting was getting tough...
Last week Doc had more than the end of the boom to worry him. California's Governor Earl Warren said the state was not getting a fair share of racing's "fabulous" profits (the state now gets from 4 to 6? of every dollar bet at California horse tracks and would like to get more; Santa Anita's cut of the betting runs from 7% to 9%). But if Doc was alarmed he showed no sign of it. His greatest disappointment seemed to be that injured Citation, the wonder horse, would not run at Santa Anita this...
...present real estate boom is collapsing and heading the nation towards a depression, according to John V. Lintner, assistant professor of finance at the Business School...
...fact was that steel capacity and production had not even kept pace with the normal growth of population. In 1948, capacity per capita was only slightly more than it had been in depression 1932; production per capita -.as below 1941. Those who talked of "abnormal demand of the boom" failed to take into account the fact that much of it would be normal demand from now on, not only for steel, but for oil, autos, schoolhouses, homes, clothing and everything else. At year's end the population stood at 148 million, up 3,000,000 more consumers during...
...Bull. The stock market paid little heed to the fat profits or to any of the other household gods that traders once swore by. Ever since it had collapsed in fear of a recession in 1946, the market had been seesawing, trying to make up its mind whether the boom had really come to stay. Looking at some of the props under the boom-plant expansion, ECA and rearmament orders-investors celebrated the tax cut by finally placing their bets...