Word: boom
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Dates: during 1960-1969
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...from cold statistics or from the seemingly inexhaustible interest of President Johnson in the affairs of business. The economy is doing so well, in fact, that the main concern of economists in and out of Washington is to prevent a steady and solid advance from turning into an overheated boom that could later cause trouble. To that end, the nation's economic planners last week sounded almost apologetic when they had to report good news, and relieved when they could point to signs that a real surge has not yet begun...
Psychology & Downturn. The shrewd reluctance of the optimists to push the good news too hard-many of them feel that President Johnson does that all too well-is based on their experience of what a boom psychology can produce. When they feel a boom coming on, businessmen often tend to overestimate the market for their products, stockpile inventories in anticipation of inflation and expand their capacity more than they will eventually need-thus helping to bring on an economic downturn. Just in case anyone felt that that could not happen again, President Johnson said last week: "I wouldn...
While the U.S. auto industry speeds toward its first 8,000,000-car-sales year, the only U.S. automaker failing to share in the boom is the one that needs it the most: American Motors Corp. Sales of its Big Three competitors have risen 1% above last year's level, but American Motors has so far sold 8,800 "fewer cars this year than last. Last week AMC announced a 17% drop in earnings for its first fiscal half at a time when the other car makers are setting new profit records. So many Ramblers remain unsold that cigar...
Adams House was the most popular this year, for the first time since the Leverett boom began with the construction of the two eleven-story. Towers. Lowell, Quincy, and Winthrop ranked second, third and fourth with the Class of '67. Eliot House edged out Leverett, and Dunster and Kirkland received the fewest first choice applications, it was reported...
...enough to own land are delighted by the sudden riches they find underfoot, the high prices have already slowed construction of badly needed middle- and low-income housing in West Germany, threaten to do the same elsewhere. The land lust has also produced a longdistance effect: a Florida land boom in West Germany. Germans seeking "Lebensraum with a View" are biting hard at tempting lures dangled by U.S. real estate men offering Florida land, sight unseen, for as little as 5½? per square foot...