Word: downturn
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Dates: during 1950-1959
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...economists argue that a severe downturn is imminent-the U.S. economy still shows too much vigor for that. But the boom psychology that has nurtured high-riding confidence for more than two years is sensitive to the least faltering in the economic indexes. Last week there was enough evidence of a flattening out in the boom, added to the cutback in Government spending, to send the stock market spinning (see below) and to have an unsettling effect on businessmen and economists alike...
...proclaimed during a recent Cleveland debate that "we're in the beginning of a postwar depression cycle," the emphasis, in stories was on his charge, not the rebuttal. Says Editor Tom Campbell of The Iron Age magazine: "Never has so much ink been spattered around about a 'downturn.' The general theme seems to be that if we are not headed for the roof we must drop to the cellar...
...taking corn land out of cultivation. Farmers have withdrawn a total 5,200,000 acres this spring, cutting expected corn acreage by nearly 10%. While the basic problems of oversupply are still far from solved, even the most pessimistic farm economists believe that the farm cycle has ended its downturn, and stabilized...
...other hand, Republican farm politicians, who see a congressional election coming up in 1958 with no Eisenhower on the ticket, feared that the downturn in parity indicated that the farm slump has still not hit bottom. They also saw a risk that null relatively good hog prices will stimulate an oversupply of pork in 1958, that a 4% increase in cattle now in feedlots will mean lower prices for quality steaks and roasts this fall, that current low prices for eggs (7½ a dozen under last year at the farm) will continue, and that the price supports under dairy...
...statistical series on the U.S. economy, Burns's staff picked 21 key indicators, business failures, durable-goods orders, etc. that faithfully pace business shifts. Under Burns the National Bureau also perfected the "diffusion index," a cross section of indicators used to gauge the strength of an upswing or downturn...