Word: downturns
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Dates: during 1960-1969
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...Nixon Administration hopes to decelerate the economy gradually, avoiding the kind of overzealous monetary restraint that helped bring on the last real recession in 1959-60 and contributed to Nixon's defeat by John F. Kennedy. The more immediate danger, however, is that any sign of an economic downturn may tempt the Government to let up too soon on the anti-inflation campaign...
...HEAD AND SHOULDERS REVERSAL is a pattern that signals a nasty downturn. If the right shoulder rises higher than the head, chartists say that investors should hold on. If it does not pass the high, chartists advise them to sell -or risk a plunge below the neckline...
...instead of going into bankruptcy, the Israelis are celebrating what they call a boomchik. Recently, in the midst of the Jews' annual Succoth harvest festival, Finance Minister Ze'ev Sharef officially hailed the end of the three-year economic downturn. "All signs show that we have finally overcome stagnation," he said. "There are no longer any real obstacles to our development...
...chip corporate customers. Other interest rates throughout the economy scale upward from that level. Bankers predicted that loans will now grow costly enough to crimp small businessmen, capital-goods industries and local government construction projects. Worst hit, as usual, will be new housing, which is uniquely sensitive to a downturn when rates jump-as mortgage lenders agreed they surely will. A more immediate reaction came on the New York Stock Exchange, where the Dow-Jones industrial average fell 11.56 points in the week's final trading session. The drop not only erased earlier gains, but left the bellwether index...
...hold Britain's wage increases to a maximum of 3½% for another 18 months. That grim arithmetic means that Britons will not get enough extra money to meet the rising costs. As a result, for the first time in 17 years, the British will experience a downturn in their standard of living...