Word: forecasts
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Dates: during 1950-1959
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...good are the forecasters? In recent years, even the best prophets have been caught with the seat of their pants down. As late as 1945 and 1946, most business analysts insisted that World War 11, like every other major conflict since Napoleon's day, would be followed by a depression. They failed to take into account the huge backlog of buying power behind bottled-up wartime shortages. Many of them underestimated the 1953 boom; many oversold the 1954 recession. Even in January 1955, as the U.S. hummed into an alltime record year, eight economists at a congressional hearing foresaw...
General Motors President Harlow Curtice demanded that the FRB ease credit. Curtice cut his 6,500,000 forecast of auto production to 5,800,000, blamed the drop on tight money. Said he: "I still believe the Federal Reserve Board's policy is not warranted and should be reversed, and promptly...
EXPORTS TO EUROPE are at the highest level in history, says the U.S. Commerce Department. March exports of $1.5 billion, some $200 million more than March 1955, set alltime high for the month, and forecast is for total exports of $16 billion for 1956, up $1 billion above last year's record...
...capitalism will quiver and crumble." Bluecher's voice was too loud for Stalin. Recalled to Moscow, he was named one of eight judges in the court-martial of Tukhachevsky, duly joined in the death sentence. The following year he himself disappeared, leaving the Japanese attack he had forecast to be belatedly met in the Lake Baikal region in 1939 by Georgy Zhukov...
...Possible showers," proclaimed last evening's weather forecast, and the Tufts baseball team should hope for enough of them to wash out this afternoon's contest against the Crimson. Slated for 3 p.m. at Soldiers Field, this first home game for the Crimson figures to be the second consecutive win for the varsity, defending Greater Boston League champs...