Word: superboom
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...ratios, the general public's buying spirit got little encouragement from many of last week's economic indicators (see THE NATION). More and more, investors were showing themselves disappointed in the sluggishness of the recovery and no longer hopeful that it will blossom into a boom or superboom. "Best guess at this point," wrote Walston & Co. Market Analyst Anthony Tabell. "is that it will be fairly close to two years before we have the start of another major bull market...
...Dampener. Why was Wall Street indifferent to all this encouragement? Most market analysts attribute part of the investor apathy to disappointment with the economy's failure to achieve the superboom levels so freely predicted last fall; analysts also consider the present drop in stock prices a necessary correction of December's "ridiculous" highs. But despite last week's favorable earnings reports, what concerns the worriers most is the long-term state of corporate profits...
Decline of Durables. Last summer the optimists hoped for what they called a superboom. The biggest economic riddle of 1961 is why the recovery was not more rambunctious. One obvious reason was that one fear or another-of unemployment in some cases, of international crises in others-prompted Americans to spend far less of their disposable income than in any year since 1958. But searching for deeper causes for the nation's relatively slow rate of economic growth, some economists point to the long-term drop in the demand of durable goods, sales of which are not even growing...
...with auto production rolling at about 6,800,000 cars, steel output running at about no million tons, and housing starts-which are now running 19% above last January's low-likely to rise to 1,400,000 or 1,500,000. This might not be a superboom, or a record breaker, but could make a highly prosperous...
...N.A.B.E. economists were skeptical about the chances for what FORTUNE calls a superboom. There will be no real boom, most of them agreed, until businessmen start spending vigorously on capital expansion-and that is unlikely to happen until the newly tightfisted U.S. consumer (TIME, July 21 et seq.) decides to open his wallet wider. The N.A.B.E.'s outgoing president, Dr. George Cline Smith, senior partner of the Manhattan economic consulting firm of MacKay-Shields Associates, blamed the international news for the consumer's timidity. Said Smith: "If the economy is going to take off for the expected highs...