Word: forded
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Dates: during 1970-1979
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Suddenly, it seemed, the stock market had become a kind of political poll, one that pointed down, down, down -down on Ford's chances of staying in the White House, down on Carter's populist economics, and down, or at least doubtful, on the strength of the nation's economic recovery. As the election approached and investors caught the jitters, the calm but healthy bull market that developed with the onset of recovery last year seemed to have been taken over by the bears. In five days of busy trading last week, the 30 stocks...
...Waves. Then Carter emerged victorious from the Democratic primary wars, talking of using taxes to redistribute the nation's wealth, creating standby wage-price controls, launching expensive new social programs and generally impressing Wall Street as being antibusiness. Though far from satisfied with Ford, investors prefer him to Carter, regarding the President as a man likely to follow a steady course and not make unwanted waves. As Carter's campaign gained, stumbled, then gained again, Wall Street marked time, waiting to see if Ford could catch...
...before Election Day. Indeed, some analysts believe that such a drop might be a healthy correction that would leave the market poised for a new and sustained upward march later on. For the moment, however, the state of the market can offer little solace to Ford, Carter or the investing public...
PRICES. While inflation is far below the nearly 17% annual rate prevailing when Ford took office, consumer prices have edged up from 2.9% in the first quarter to 6.2% in August. The September rate is not expected to rise much more...
...last to appear before the election-is certain to show further slowdown, but how much? After the booming 9.2% pace of the first quarter, the growth rate slipped to 4.5% in the second. Clearly seeking to mitigate possible bad news about the third quarter this week, President Ford said that the July-September rate would be lower still-"about 4%"-but predicted a pickup to 5% or more in the last quarter. If the July-September rate turns out to be 3% or even less, as some economists are forecasting, the Democrats will have further ammunition for their charge that...