Word: economists
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Such are the jolting contrasts that make the U.S. economy a puzzling picture at the moment?as, indeed, it has been during most of Jimmy Carter's first year in the White House. To the public at large as well as to economists and businessmen, the contradictions appear to mirror an equally mixed-up management of the economy by the Carter Administration. Policy zigged from talking up a tough tax reform to abandoning most of it, zagged from professing unconcern about the dollar's slide to intervening actively in currency markets to prop up the greenback. Noting Carter's propensity...
Initial reaction to the State of the Union speech?about the only pronouncement that businessmen had time to digest last week?indicates that Carter made a small start toward soothing business anxiety but has a very long way to go. Said John Wilson, an economist at California's Bank of America, the nation's largest: "I think he demonstrated he has a good grasp of short-term and long-term economic problems, and he presented a balanced package." J. Sidney Webb, executive vice president of TRW Electronics in Los Angeles, thought Carter sounded "more like a conservative Republican than...
...stock traders' minds, worries about inflation, interest rates and the dollar have outweighed all the good news. Though the stock market does not directly move the economy, it can have an important psychological effect by making people feel poorer?and with reason. Says Albert H. Cox, chief economist of Merrill Lynch, the brokerage giant: "By our estimates, at this point almost $100 billion worth of values in listed stocks has been wiped away?$62 billion last year and another $30 billion plus just in the early part of this year. That has to have some dampening effect [on the economy...
...that the Administration will unveil a new anti-inflation plan this week. It will apparently consist of a set of "principles" that the Administration will urge labor and business to follow in boosting wages and prices, with no numbers indicating how much is too much. Says one top Government economist: "I don't know how the hell it is going to work...
...prospect for the industry is a long period of moderate, steady growth, extending into the '80s. By 1985, according to one Lockheed economist, the world's airlines will have to spend up to $57 billion to replace present fleets of arthritic 707s and DC-8s. The expectation is that most airlines will turn to wide-bodied jets, to reduce mileage and passenger seat costs. Currently, Boeing engineers are working on the specifications for a new 180-to 200-seat jet, which it hopes United and Delta will buy; the plane would seat seven abreast and, Boeing claims, effectively...