Word: dipped
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Dates: during 1950-1959
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...than the politicians about the recession (see NATIONAL AFFAIRS). Businessmen did not brush the facts under the rug, but their anxieties were generally more for "the other guy" than for their own business. They saw no long slide but talked of the decline as the "saucer recession"-a curving dip to a level bottom and a climb on the other side. They viewed the now-dwindling inventory surpluses as a natural result of years of postwar expansion to keep pace with ever-growing markets-and considered this situation as a normal hangover caused by an inflationary binge...
Said Board Chairman Paul L. Davies of San Francisco's $300 million-a-year Food Machinery & Chemical Corp., who expects a rise in volume but a dip in profits in 1958: "My feeling is that recession within bounds is healthy. We have been in a boom economy since 1946. The pause will make us more efficient and competitive after setting new records for capital expansion. We need a breather for the economy to catch up with us. It will be healthy if it runs a year...
...YORK-LONG ISLAND AREA, with its growing suburbia, has still to feel a serious recession pinch. In the metropolitan area, jobs were climbing again after a January dip until nipped by the garment strike, and upstate unemployment is edging down. In Long Island's booming Nassau and Suffolk Counties, which had been hard-hit by cutbacks in defense spending, new industry is moving in at such a rate that some 75 new plants are under construction to add more electronics, nuclear energy, plastics, clothing, to the area's economy. Peak unemployment...
...corner delicatessen or grocery store and shopping in supermarkets to save pennies to put into savings accounts. In Chicago a young woman borrowed $500 from a downtown bank at 4½% interest, offering as collateral her $650 savings account drawing 2% interest. She just didn't want to dip into her savings. Commented a bank official: "This kind of thing is getting fairly common...
...businessmen, one of the prime reasons for the recession is the sharp dip in inventories. Last week the Commerce Department's figures showed just how sharp the cutbacks have been...