Word: boom
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Dates: during 1950-1959
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HOME-BUILDING BOOM will continue during second half of 1959, may be equal to or better than first half when private housing starts ran at annual rate of close to 1,400,000. For first five months of this year, private-housing starts totaled...
...industry pumped out the goods to consumers, even the troubled railroads looked for good times ahead. By last week a series of successive jumps brought carloadings up to a point almost 13% ahead of last year. There was no doubt that the boom was still picking up speed...
...economy was moving along so briskly last week that some businessmen were beginning to worry that there might be too much of a boom. Warned Manhattan's First National City Bank: "With the problems of recession behind them, businessmen will now need to be alert to the problems of prosperity-pressures on prices, temptation toward excesses of inventories or credit use, and the eroding of the efficiencies and cost reductions introduced during the recession...
...record by climbing $800 million above March. For this reason-and other signs of heartiness in the economy-Commerce Department reported that the recovery is proceeding "at a better-than-seasonal pace and on a broadening scale." But it pointed out that the upward surge of the boom is still ahead: despite a 2% rise in industrial output above pre-recession highs, the rise is so far not as great as after other postwar recessions...
Worried that the new boom would sweep in more inflation, the Federal Reserve Board last week took an expected step. It approved a hike in the discount rate on loans to commercial banks from 3% to 3½% for five member banks: New York, Chicago, St. Louis, Minneapolis and Dallas. The new discount rate is the highest since the fall of 1957, is bound to restrict even further the tightening money market. The Federal National Mortgage Association braced itself for tighter money by reducing the price it will pay for Government underwritten mortgages from 99% to 97% of face value...