Word: upswinging
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One of the most serious threats to the nation's growing business recovery has been the possibility of a continuing rise in interest rates that would discourage borrowing by businessmen and consumers, weaken the stock market and abort a barely begun revival of the housing industry. Last week, however...
A Plus. Still, the pattern of upswing is clear, and its consequences will be not only economic but also political. Barring unexpected jolts, the economy should be rising as President Ford mounts his election drive. Historically, voters are swayed more by the economy's direction (which will be up...
Even before the Organization of Petroleum Exporting Countries began jacking up oil prices in 1973, prices for other raw materials were breaking records. Spurred by shortages and rampant speculation in commodities markets, prices for such staples as copper, rubber, cocoa, coffee, platinum and cotton rose sharply; some had doubled or...
The two state elections were the last major tests of public opinion before the 1976 elections. Both contests were fought almost exclusively on countrywide issues: the economy, recession and inflation, unemployment, internal security against anarchist terrorists and the question of the growing left-wing influence within the S.D.P. The Chancellor...
Big Ifs. In mid-1974, when the economy seemed headed for a real slump, Schmidt and Finance Minister Hans Apel took the brakes off credit and then at the end of the year shifted into a full reflation program. If their projected Aufschwung (upswing) does come this fall-and especially...