Word: boom
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Dates: during 1950-1959
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...reasons for the spurt in sales and orders was the ever-growing construction boom. Total estimated construction set in place during August reached an alltime monthly high of $4.8 billion-$160 million better than July...
...Federal Reserve Board alowed a few more steps last week to tighten credit (see State of Business), more and more Wall Streeters wondered whether the FRB can control a new inflationary upsurge as well as it did during the 1955-57 boom. How widespread these doubts are was reflected in the stock market, where stock prices during the week rose to a new high for the year. Wall Street was highly skeptical about the power of the FRB because, in trying to control the new inflation it fears, the FRB is up against a big problem it did not have...
Cash Needed. But IMF does need cash. In boom, recession or crisis, the trend is toward increasing demand. Since Suez the fund has passed out in hard money loans some $2.7 billion, or two-thirds of all its outlay since the IMF was organized. Moreover, quotas have become unrealistic. Booming West Germany with $5.8 billion in foreign exchange and gold reserves is assessed only $330 million; the United Kingdom, with reserves of only $3 billion has a $1.3 billion quota...
Their enthusiasm was more commercial than epicurean. Sales of luxury foods in the U.S. have more than doubled since 1954, will pass $100 million this year. The boom is part of the new leisure, which has Americans doing more entertaining than ever at home, and with higher incomes...
...problem is important because filters are largely responsible for the new boom in cigarettes. After a sharp dip in 1953-54, when medical tests indicating a cancer-cigarette link were widely publicized, sales have come back to hit a new record this year (see chart). Smokers worried about tar and nicotine pushed filters, with their "thousands of filter traps," to 38.5% of the market last year, will increase the percentage to 45% of a market that promises to top $5 billion...