Word: slowdowns
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Economists, who had been seeing signs of a slowdown in March and April after a strong January and February, had been predicting money supply declines for over a month as credit demand slackened. When this did not happen, it stirred momentary fears that the Federal Reserve had lost control of the nation's currency and that more inflation and higher interest rates were...
True enough, 6.5% growth is too fast to last. All forecasters expect a slowdown in the current quarter, but only the Administration is predicting an actual decline. True also, the inflation and unemployment rates still seem intolerably high by standards of the past. So Reagan had justification in portraying the economy as sick. If only it wouldn't look so damned healthy just as Congress prepares to vote on his budget...
Fortunately the springtime slowdown affected the opposition as well, enabling the Crimson to cruise to first place. B.C., "usually a good match" for the Crimson according to Alexander, totaled 417 for the day. Brown, "usually easy to beat," floundered in the wake with...
Wall Street economists generally feel that business looks much stronger now than a few months ago. Gary Wenglowski, director of economic research for the investment banking firm Goldman Sachs, previously predicted that the economy would dip in the first half of 1981. But now he foresees a "less severe slowdown that will not be deep enough or long enough to call a recession." Agrees Roger Birk, chairman of Merrill Lynch, the largest brokerage house: "This is not a recession year; it is a transition year...
Calvo-Sotelo, a former Common Market minister who is known to Western leaders, is regarded as a tough economic troubleshooter. His skills will be needed to make headway against the slowdown of Spain's economy, which has raised unemployment to 15%. But some U.C.D. dissidents were openly threatening to withhold their support from Calvo-Sotelo when the parliament votes on his confirmation on Feb 10. Such disunity could lead to a new coalition or force early elections that would bring Felipe Gonzales's Socialist Party into contention. Juan Carlos held consultations with all party leaders through the weekend...