Word: depressionitis
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Dates: during 1950-1959
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. . . You disclosed the power behind the free-trade drive when you reported "U.S. productive capacity is outrunning domestic demand and the result is thousands of businessmen are seeking bigger outlets abroad." There is a limit to the total dollar volume of both foreign and domestic trade in domestic consumption. To...
Very little is known about the subtle and important relationships between population growth and economics. But enough is known to discredit Malthus. Americans take present population figures as a promise of more prosperity. Gone, for the first time in history, is the worry over whether a society can produce enough...
IN the economic year of 1954 the world had a clear and easily understandable measure of the soaring strength of the U.S. That measure was the great bull market in stocks. Stock prices rose higher than in 1929, and on the last day of the year the Dow-Jones industrial...
Such a message, particularly the upbeat ending, would accurately reflect Canada's year-end mood. Earlier in the year, the nation's confidence was shaken by forebodings of depression. Unemployment was on the increase; industrial wage scales began to dip. Western Canada's wheat crop was the...
As publisher and columnist of the Boston Post, Financial Juggler and Amateur Journalist John Fox last year predicted a major depression in the U.S. The prediction proved spectacularly wrong for everyone but the Post. Since his forecast, his circulation has slumped. A fortnight ago he fired 58 Postmen for economy...