Word: forecasted
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Dates: during 1980-1989
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...ominous for the Prime Minister was the lineup of Establishment Tories who are now decrying her economic policies and lack of compassion. Calling monetarism "the uncontrollable in pursuit of the indefinable," Sir Ian Gilmour, who was Deputy Foreign Secretary until Thatcher purged her Cabinet of dissidents last month, bleakly forecast that if Thatcher's policies are not changed "we can say goodbye to the British economy...
Meanwhile, Economist Henry Kaufman of the New York investment banking firm of Salomon Brothers, whose pessimistic yearlong predictions of ever higher rates have proved unnervingly accurate, delivered yet another gloomy forecast. He warned a group of corporate financial officers in New York that Government borrowing will propel the cost of money to new and higher peaks in the next six months or so. Said he: "A noose is now tightening around the credit markets...
Gregory Jackson, the center's assistant director, said yesterday the center's study is a short-term projection, whereas the bureau released a long-term forecast...
...budget business has created a fantasy world in which markets and interest rates plunge and rise on forecasts and prophecy. A change of a percentage point or two in assumptions about unemployment, the cost of living or gross national product can mean projected billions in Government income or deficit That, in turn, means more billions of change forecast in the private money markets, which shudder instantly to new speculation from Washington Ail error of one percentage point in unemployment estimates can add up to a $25 lion error in the budget sums...
...business loans, including the huge sums to finance megabuck corporate mergers like that between Du Pont and Conoco. The Administration has predicted that the deficit will shrink to $42.5 billion in 1982, and disappear altogether by 1984. But those targets are fast slipping away. The Congressional Budget Office forecast last week that the deficit would be $65 billion in 1982 and would total an extra $50 billion in 1984. As the Federal Reserve continues to restrict the growth of the money supply in its fight to bring down inflation, such unrelenting credit demand from the Government is bound to keep...