Word: comebacking
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Dates: during 1970-1979
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Bourke's Law. While a sales rebound some day was inevitable-car purchase can be postponed, but not forever-the shape as well as the strength of the comeback has caught Detroit off guard. The main reason for the upswing seems to be that buyers are shedding their recession-bred fear of spending. Now that the inflation rate is dropping (see box) and "real" incomes are rising, Americans are reverting to an old habit. As Ford Executive Vice President William Bourke puts it, "They often buy 'as much car' as their budgets allow, and 1976 budgets allow...
...enjoying an exceptionally vigorous recovery from the industrial world's worst postwar recession. Its output of goods and services is expected to rise 4.5% this year, and inflation is running at 5.2%, one of the lowest rates in any developed country. Yet, paradoxically, the very vigor of the comeback has created an increasingly worrisome problem. The rising value of the mark against other major currencies is threatening to cut into critically important export sales by putting many German goods at a price disadvantage in world markets...
Clasby killed the comeback and won the tournament for his team with a two-out home run blast in the bottom of the inning...
Inflation continues to be a formidable threat to the European comeback, but even the price front showed promising news last week. Leaders of Britain's powerful unions tentatively agreed with the government to accept stringent new voluntary wage controls, to take effect...
...while it looked as though the eight inning would produce a much needed comeback but only two runs scored, and the inning ended with three men left on base and the Crimson trailing...