Word: slumping
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Dates: during 1940-1949
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...boom? Bigger than ever, said the Federal Reserve Board last week. Following the summer slump, FRB's production index (1935-39 average: 100) had climbed to a postwar peak of 192 in November...
Businessmen were not too worried. FORTUNE'S semi-annual poll of 28,200 top executives found some 60% expecting the boom to continue at the present level or even higher in 1948. Only 37% expect a moderate downturn (last May 74% expected a slump by year's end). Some 90% expect to keep their present payrolls or boost them. Almost none expects to lower prices in the next six months...
Exports Up. October exports, reported the Bureau of the Census, were up 10% to $1,225,700,000, highest since June, when exports began to slump. Imports also rose...
...like just another bankers' argument, dull and muddy with economists' gobbledygook. But as a handful of top U.S. bankers carried it on before three congressional committees last week, the argument boiled down to one simple, understandable question: How can the U.S. curb inflation without bringing on a slump? But there were no simple answers to this simple question...
Going Paramount's Way. Hollywood's independent producers have been frightened by the box-office slump and the new British movie tax. Six months ago, Frank Capra's Liberty Films sold out to Paramount Pictures (TIME, May 26). Last week Director Leo McCarey's Rainbow Productions, Inc. made a similar deal. McCarey got $1,000,000 worth of Paramount stock for his 50% interest; another $1,000,000 worth went to his associates, among them Bing Crosby, Bob Hope and Hal Roach Jr. Paramount gets the services of McCarey and Norman Z. McLeod plus the future...