Word: predictioneer
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While the U.S. is tamping down its economy to fight inflation and strengthen the dollar, Western Europe is beginning to emerge from the stagnation that began when oil prices were quintupled in 1973-74. The result will be "a scissors movement"-Europe's economies will move up, while U.S...
The mayor's foes did not buy the package, however. All day Friday, bankers, businessmen, economic consultants, the council and the mayor held meetings to try to find a compromise that would stave off default. As failure seemed imminent, Forbes offered a soothing prediction: "Come Saturday morning, the sun is...
Kahn never lets an opportunity for a quip pass him by. Commenting on the success of his profession, he gibes: "The Pope is telling economist jokes." Asked why he accepted the thankless job of trying to throttle inflation, he replies: "I'm 61 years old. What am I saving...
Next to a nuclear holocaust, none of the horrors forecast by contemporary doomsdayers have seemed more threatening than the population bomb. As this bomb ticked away and the world's population mushroomed, so the prediction went, an explosion would be inevitable. Resources would be depleted, agricultural lands overtaxed, fuel...
The 25% drop in starts that the NAHB foresees would be the mildest of the many housing declines that have repeatedly led the economy into recession since World War II. But its impact might be magnified by a reduction in credit-financed buying of other goods, notably cars. Last week...