Word: market
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Dates: during 1940-1949
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When Britain was the leading industrial power it was also the great market for food and raw materials, and by virtue of this position in the vortex of world trade, the great exchange clearinghouse. The U.S., which replaced Britain in world power, was no clearinghouse; it consistently sold more abroad than it bought. Western Europe, no longer able to produce enough for its own needs, had to buy more & more from the U.S. and had fewer & fewer dollars to do it with. Unchecked, this imbalance will reduce Western Europe to poverty and Communism...
...ruins, although new docks and a new railroad station have been built. These are modern but of small capacity. Paris, on the other hand, seems untouched by the war. The food situation looks good. Ration stamps are unnecessary for a brief visit and gasoline is the only big black market commodity today. French cigarettes, bread, beer, and coffee, reported to be the most unsatisfactory items for tourists in Paris, are being widely enjoyed by Americans here today...
What amazed investigators-and might well appall Wall Street-was that Goldsmith's comic-strip forecasts had been right as often as many solemn market guides that rely on the "science" of charts, trend lines, explosion points, recoils, double tops and double bottoms. Nevertheless, the Attorney General last week got an injunction stopping Goldsmith's forecasts-not because they came from comic strips but because he had not said...
...Said amazed George McManus, aging (64) cartoonist father of Maggie & Jiggs: "What would I be doing with cartoons if I were so hot on the stock market...
...crop (15,219,000 bales) since 1937, got a prop from the Department of Agriculture. The department agreed to make loans on cotton stored on farms (formerly it made them only on cotton stored in approved warehouses), thus made it possible for farmers to keep their cotton off the market and keep prices...