Word: turnabout
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...polled industry, found capital outlays are expected to be at the same annual rate in the third quarter as in the second, $30.3 billion, seasonally adjusted. Spend ing is expected to rise in the fourth quarter to $31 billion, some three to six months before forecasters had expected the turnabout to come...
...buying $1.2 billion of it, thus adding to the credit supply. Then it tried to tighten credit by sopping up the extra funds and permitting its banks to boost their discount rates. For the debacle in bonds, whether brought on by fumbles by the Treasury or the surprisingly quick turnabout in the economy, the Treasury is being bitterly blamed. Said Armand Erpf of Carl M. Loeb, Rhoades & Co.: "I suppose the loss of several billions of dollars in bond values is the price we have to pay to break in a new-Secretary of the Treasury...
...pack, fulfilling in a 20th century way the centuries-old dream of a northern passage from ocean to ocean (see Armed Forces). And in the arena of diplomacy, the U.S. scored high when Nikita Khrushchev, tangled in his own diplomatic web, rejected a U.N. summit meeting in an awkward turnabout that brought international jeers...
Where does the U.S. economy go from here? On C.E.D.'s charts a major booster out of the 1949 and 1954 recessions was the turnabout in inventories. In the 1949 recession businessmen continued to liquidate inventories for more than a year, in 1953-54 for 15 months, before any sizeable upturn took place. This time the rate of inventory liquidation seems to be bottoming out after two quarters, though no one is willing to predict any heavy accumulation in the near future. Business outlays for new plant and equipment are a more worrisome problem. The 1958 slide in expansion...
...Government is making no hasty plans for big stockpiles, material allocations or other controls. At the moment, the effect of Mid-East upheaval is more likely to show itself in a subtle, psychological change in the business climate rather than in any dramatic turnabout...