Word: ecksteins
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Chances are that after Otto Eckstein, Warburg Professor of Economics includes a typical lecture in Ec 10, he will never gaze into Sanders Theater and see 900 lit matches held high in a rock concert expression of gratitude. but chances seem as slim that he will ever deliver a lecture that is not followed by applause. "It turns a (Professor) on," Eckstein explains. "Anyway, I like...
...companies in this quarter are expected to report profits that are about 20% lower than last year. Says Economist Otto Eckstein, chairman of Data Resources, Inc.: "We predicted bad results, but we've had to cut our forecasts back still further. Business should be a little better for the rest of the year, yet we expect that earnings will decline overall...
Nonetheless, the question marks hanging over the economy are more numerous than usual. Said Otto Eckstein, chairman of Data Resources, an economics consulting firm: "The test comes in August. We have to watch very, very closely the retail sales of July and August because if they don't go up, then we are in much deeper trouble...
Even assuming the optimistic scenario and more consumer spending, the business pickup is not expected to be as strong as after other recessions. Said Eckstein: "It will be a limp recovery." Board mem bers expect the gross national product to increase 3.1% in 1983. The first year after the severe 1974-75 recession, the U.S. economy expanded...
...Otto Eckstein was strongly critical of Reagan for not providing leadership in the budget debate. He maintained that ? Congress cannot take the lead in straightening out the budget. Said Eckstein: "Congress has never m been able to do that, and it never will be able to." He said that this has resulted in "political chaos" that has been a cause of the uncertainty in the financial markets...