Word: stubbornest
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Dates: during 1920-1929
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Able theorizer Col. Leonard Porter Ayres of Cleveland, stubbornest bear, again prophesied a market break. Last summer (TIME, July 23) Economist Ayres saw the stockmarket as "a great national bet against the continuation of high interest rates, and since the Federal Reserve authorities can hardly reverse their policies . . . the decision will probably be against the stockmarket with ... a serious decline in stock prices before the end of the year." With only six weeks of the year left, Economist Ayres last week failed to mention the Federal Reserve, was far less emphatic, based his bearish innuendoes on precedent. He noted...
...Exeter basketball team defeated the University Freshmen at Exeter Saturday night by a score of 30-21. The schoolboys presented the speediest offence as well as stubbornest defence that the yearlings have been called upon to meet this year...