Word: forecasters
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Dates: during 1970-1979
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High Costs. Judging by earlier sentences given other Watergate principals, especially the one-to-four-year sentence being served by the cooperative Dean, court observers estimate that Sirica, despite his "hanging judge" reputation, will mete out nowhere near the maximum penalties to the newly convicted conspirators. Some forecast a minimum sentence of two years for Mitchell, Haldeman and Ehrlichman-double that of Dean's-and a lesser term for Mardian. No date for sentencing has been...
...since 1940. In a statement that seemed intended to prepare the country for even longer unemployment lines, White House Press Secretary Ron Nessen reported last week that from some economists, "the President has heard estimates of 8%" joblessness in the coming months. That is higher than any official Administration forecast...
...happens, the mildly optimistic conventional forecast is getting some support from an unconventional quarter: the ever inventive and unorthodox breed of Wall Street analysts known collectively as "technicians." Uninterested in such mundane matters as interest rates, profits and price/earnings ratios, the technicians try to divine the future by studying patterns that have seemed to shape trading in the past. The technician, says one of the leading practitioners of the art, Edson Gould of Anametrics, Inc., approaches each new year like "a lion tamer who must anticipate the moves the animal will make." The 1975 moves, as forecast by some...
...since it was established 14 years ago had the Paris-based Organization for Economic Cooperation and Development issued such a gloomy forecast. Released last week, its semiannual economic survey predicted more unemployment and more stagflation for almost all of the industrial countries throughout 1975. And the U.S., said the survey, is and will remain the "most depressed" of all the major countries...
...water" in the capital-goods backlog-excess orders spread among several suppliers by companies merely waiting to see who would deliver first. Then came the coal strike and the disastrous auto sales figures from Detroit; says Michael Evans, president of Chase Econometrics Associates, a Manhattan forecasting firm: "All the water got squeezed out of the order numbers. Then everyone panicked and cut some more." Prospects for the year ahead are for more cutting. Depending on which forecast is used, real business spending is expected to drift down...