Word: forecasts
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...payoff for this pain: a forecast that budget deficits will drop from around $100 billion this fiscal year to a range of $60 billion to $80 billion in fiscal 1983, and $40 billion to $60 billion by 1984. Earlier projections of a 1983 deficit of more than $150 billion had frightened not only Washington but Wall Street and the nation as well...
...market has been promised for a decade. And for the short-run 1982 outlook, many brokers are pessimistic. Last week's sudden market fall on Tuesday was indicative of the nervous and often dour mood along the street. The drop was set off by a downbeat interest rate forecast by Henry Kaufman, the influential chief economist for the investment banking firm of Salomon Bros. Kaufman, who has built up a very good record of interest-rate projecting over the past decade, has developed an almost cult following and a strong influence on stock prices. If he predicts higher interest...
...steep or long-lasting the recession will eventually turn out to be. From the crisis in Poland to the future course of interest rates, the weeks and months ahead are a minefield of uncertainties. Any one of several factors could play havoc with even the most carefully devised economic forecast...
...bright spot in the forecast was the board's encouraging outlook for inflation. From a peacetime record annual rate of 18.2% in the first quarter of 1980, the level of consumer price rise has slowed fairly steadily in recent months. The board expects that inflation for 1981 as a whole will be 9.6%. During the first half of next year, the pace of price increases will continue dropping, perhaps to a low of 6.8%, but in the second half of 1982, when the economy starts to pick up speed, the rate of inflation may also go up. The board...
...maybe, but nonetheless fair, Regarding Dan Steiner we must clear the air, And let the rest of this campus know That it's he and not Derek who runs the whole show. For fundraisers Tom Reardon, Fred Glimp and Pete Clifton, Men who excel in heavy (cash) liftin', We forecast no sweatshirts, no ties and no robes, Just a few more good buddies like Johnny L. Loeb. Yes, Harvard will locate enough fatted calfs; Cambridge, though, labors' neath Prop Two and a Half. Our good mayor Duehay has worked hard and fair, But now Al Vellucci...