Word: forecaster
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Dates: during 1960-1969
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...problem takes on added importance with the approach of next February's general elections. The present forecast is for a significant loss for the Congress Party. Thus, as they met last week in the Kerala coastal city of Ernakulam to draw up an election manifesto, party figures of every stripe recognized the urgent need for harmony...
...million offer of sewer and water bonds, and Baltimore failed to obtain a single bid on a $31.8 million issue because the city set an interest limit of 41% - the equivalent of a 9% taxable investment for a man in the 50% income tax bracket. After housing, bond men forecast, civic improvements may well become the next big victim of high-priced money...
...case, he forecast, "ten years from now there will be far less fear of Communist China's military power than today. A country of 700 million can squeeze a large military establishment out of even a low-level economy, but China cannot conceivably approach the military power of the United States and the Soviet Union...
...deposits from 5% to the statutory limit of 6%, starting next month. This will take approximately $450 million out of lendable circulation. Credit-starved housing starts dropped to the lowest level since the bottom of the 1960 recession, an annual rate of 1,064,000 units. Mortgage lenders gloomily forecast that the new prime rate would increase the cost and scarcity of money for home loans still further. The cost of personal and auto loans will also feel pressure, bankers agreed...
Wall Street runs two ways?up and down. This fact was recognized long ago by one of the Street's alltime moguls, J. Pierpont Morgan. When asked by a brash young investor for a forecast about how the market would go, Morgan glared down his generously endowed nose, bristled his mustache, and replied: "It will fluctuate, young man. It will fluctuate...