Word: boomlets
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...victory boomlet" on the London Stock Exchange had Wall Street brokers eying their own quotations suspiciously last week. Since April the London industrial average-aided by British victory in Syria, the Nazi-Russian break and some fear of inflation-has gained 14%. Despite a slight decline last week, it was still higher at week's end than it had been since the Nazis started mopping up in the Lowlands...
...rest. The American Bankers Association reported few weeks ago that 195 of the largest U. S. banks (in 79 cities) had lent $572,949,466 to defense industries by the beginning of the year, were negotiating for another $112,235,733. But still the bankers' activity was more boomlet than boom; commercial loans stood far below the 1929 peak...
Thus bankers are more inclined to worry about their investment portfolios than to rejoice in their defense boomlet. Last week the Association of Reserve City Bankers (450 bank officials in 57 cities) asked that reserve requirements be raised again to reduce their buying power and competition for these securities...
...groups attempting to discredit them." But the workers, he went on, must go forward with the country, obey the laws, learn discipline, above all cooperate with the Government. Scarcely skin-deep under the rhetoric was the threat that Avila Camacho would allow no actions of labor to smother the boomlet in Mexican business that has popped since his inauguration. But surprisingly enough the conservative press saw in the speech a move to the left on the President's part...
...businessmen planned for a big recovery. It turned out to be an inventory boom. Late in 1938, early in 1939, many a businessman was persuaded into a state of mild optimism which turned out to be not mild enough. Late in 1939, World War II set off another boomlet which failed to survive the winter. By early 1940, the dominant mood of businessmen was that business was just fair and would probably not get much better. Certainly they would not get much richer...