Word: schmiedeskamp
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Such cheer has yet to percolate among many ordinary people, who have learned to distrust official forecasts and have been turned off by Washington's frequent abrupt changes in economic policy. Jay Schmiedeskamp of the University of Michigan's respected Survey Research Center reports that "the level of consumer confidence is still greatly depressed." The center's latest survey, conducted during February, showed that only 8% of the questioned consumers expected to enjoy good times within the next five years; 61% expected hard times. The unemployed (8 million active job seekers, plus 1.1 million people who have...
...prices of gasoline continue to bedevil shoppers despite last week's lifting of the Arab oil embargo; and Watergate has produced a morbid epidemic of doubt about the country's future. "Inflation is no longer the sole reason for pessimistic expectations," says University of Michigan Economist Jay Schmiedeskamp. "At least half of the gloom comes from Watergate and the energy crisis. The Government plays a large role in the economy, and the people have lost faith in the Government's ability...
| 1 |