Word: otto
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...companies in this quarter are expected to report profits that are about 20% lower than last year. Says Economist Otto Eckstein, chairman of Data Resources, Inc.: "We predicted bad results, but we've had to cut our forecasts back still further. Business should be a little better for the rest of the year, yet we expect that earnings will decline overall...
...record of 22 million, or almost one out of every ten workers. Even in West Germany, one of the foremost economic powerhouses of the postwar era, joblessness has nearly doubled since 1979, to 6.8%, and the pace of business bankruptcies has increased more than 100%. Says Karl Otto Pöhl, president of the West German Bundesbank: "Resignation and pessimism are more widespread than at any time since...
Nonetheless, the question marks hanging over the economy are more numerous than usual. Said Otto Eckstein, chairman of Data Resources, an economics consulting firm: "The test comes in August. We have to watch very, very closely the retail sales of July and August because if they don't go up, then we are in much deeper trouble...
...Otto Eckstein was strongly critical of Reagan for not providing leadership in the budget debate. He maintained that ? Congress cannot take the lead in straightening out the budget. Said Eckstein: "Congress has never m been able to do that, and it never will be able to." He said that this has resulted in "political chaos" that has been a cause of the uncertainty in the financial markets...
...Otto Friedrich...