Word: recessional
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Dates: during 1930-1939
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By his own definition Bernard Mannes Baruch is a "practical economist." His theory has been applied in the most hazardous of profit mediums-the stockmarket. But of Mr. Baruch, his old boss. Columnist Hugh Johnson wrote last week: "His effectiveness as a practical economist is suggested by his own magnificent...
Chief feature of the Investment News was a daily column of market advice run under the by-line of "Waldo Young." Its author, Editor Clarence Hebb, unwilling to leave Wall Street, announced he would continue the column as a broker's tipsheet. Meanwhile, the Wall Street Journal took over...
The explosive effect of these remarks was not due entirely to the fact that they revived the old argument whether capital ships are outmoded. The President proposes to build three of these $70,000,000 giants (besides two now building and two provided for in the 1939 appropriations), and by...
While Adolf Hitler and Anthony Eden spent last week making history in Europe (see pp. 19, 22), Franklin Delano Roosevelt faced his own major problem,, Recession, by turning lecturer. Sitting in his office chair, directing a pointer at an easel covered with price charts, he expounded his Administration's...
It now appears that we are back where we were in the early days of the New Deal, as far as business conditions go, for it seems that the Roosevelt Recession is a genuine depression now, and the New Deal has the same answer--prices must rise again. It is...