Word: forecastings
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Dates: during 1930-1939
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Year ago the Mexican budget was nominally balanced, and the Treasury forecast an "anticipated surplus" for 1938. But when the President confiscated all foreign oil properties (TIME, March 28), Mexico lost her oil receipts, her third biggest single source of revenue, one out of every 15 pesos of Treasury income. The State Railways and numerous State-operated industries, notably sugar refining, are also doing badly. Shoes are a pet industry with President Cárdenas, who hopes that some day everyone in Mexico will have shoes, and once at a public meeting gave away 300 pairs. Last week the output...
...have tried to banish tip sheets from Wall Street, but investors may still buy astrological magazines in Manhattan's financial district. In American Astrology for July, a market forecast by one Colby Griffin said that the conjunction of Mercury and Mars "in square aspect to Saturn . . . (the house of speculation)" made caution in July investments advisable...
This was two thumping billions more than Congress voted even in 1936, when it handed out the two-billion-dollar Soldiers' Bonus. It brought the 75th Congress' spending total to $21,656,174,000 for all three sessions. It shot the net deficit for fiscal 1938 (forecast by the President last January as $1,088.129,600) up to $1,250,000,000. For fiscal 1939 it forecasted a deficit of at least $3,722,000,000. It meant that the national debt, which stood at $37,379,410,474 on June 1, had a good chance of passing...
Charles Dow died in 1902 without having made much impression on cynical Wall Street. A subsequent editor of the Journal, florid William Peter Hamilton, embroidered the idea, told men in pegtop trousers and telescope hats that the averages forecast both business and market trends. In 1922 he published The Stock Market Barometer, first comprehensive book on the Dow Theory. William Hamilton died in 1929-a few weeks after he announced that the greatest bull market in history had ended: "On the late Charles H. Dow's well-known method of reading the stock market movement from the Dow-Jones...
...YORK--Prof. James T. Shotwell, President of the League of Nations Association, in an exclusive interview with the United Press tonight admitted defeat of the League's 20-year effort to abolish war by collective action of nations. He forecast that the appeals of Ethiopia, China and Spain to the League Council now in session would come to naught...