Word: gainsbrugh
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...economy seems headed for its most expansive era yet in the 1970s. That was the message of a study presented last week by Martin Gainsbrugh, chief economist of the National Industrial Conference Board, a private center for business research. Two years in preparation by a dozen of the board's staff economists, the study projects remarkable advances in family income, now averaging $9,300. By the end of the next decade, the typical American household will earn almost $14,000 - in terms of today's prices - and enjoy a 40% increase in the real standard of living...
...classic example of underestimation," says Martin Gainsbrugh, chief economist for the National Industrial Conference Board, "is the Trillion-Dollar Economy." In terms of gross national product, the U.S. was not expected to reach this thousand-billion-dollar mark until about 1975. It now appears that the figure will be achieved either in 1970 or 1971. And a tremendous number of business and economic decisions rest upon accurate estimates of the G.N.P...
...time and again warned that the inflationary perils of an "overheating" U.S. economy make the Johnson Administration's proposed 10% surtax urgently necessary-and, to buttress his case, he likes to point out that consumer prices have been increasing at an annual rate of 4%. But Martin Gainsbrugh, chief economist for the National Industrial Conference Board, makes a very different point. Noting that the Federal Reserve Board's index of factory, mine and utility production declined in January, Gainsbrugh said last week: "If you have slack in the industrial capacity, it's hard to persuade people that...
Ranged between Fowler and Gainsbrugh, the latest economic indicators are mixed. On balance, they suggest that the U.S. economy may be more robust than it has been in over a year...
...group headed by Gainsbrugh: N.Y.U. Professor Solomon Fabricant, Du Pont Economist Ira T. Ellis, Michigan U. Professor Paul W. McCracken, American Airlines Vice President George P. Hitchings, Bank of America Vice President Walter E. Hoadley, U.S. Steel Economist William H. Peterson, N.Y.U. Professor Jules Backman, Bankers Trust Vice President Roy L. Reierson, Ragnar D. Naess of Naess & Thomas, investment counselors, Commerce Department Economist Louis J. Paradiso, and James W. Knowles, research director of the Congressional Joint Economic Committee...