Word: upturn
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...board member most satisfied with Ford's rebate idea is Murray Weidenbaum. Says he: "There seems to be an upturn in the cards, and the rebate will make it that much more likely." His main worry is that Congress will expand the program too much. Beryl Sprinkel is wary of using tax cuts to boost the economy, because they enlarge the federal deficit. But, adds Sprinkel: "Faced with the alternative of an increase in Government spending, I would certainly favor the President's program...
...bleaker note than Alan Greenspan, chairman of the Council of Economic Advisers, when he testified before the Joint Economic Committee last week. "The outlook for 1975 is neither pleasant nor reassuring to those who hope for a sudden correction of our problems," he said. He did not foresee an upturn until the third quarter, if then, unless there is a major change in policies. "Although we had expected some weakening, what we are now experiencing has come upon us much more suddenly than we generally realized...
...recovery, when it comes, is likely to be slow and sluggish at best. Many industry observers predict a generally flat year ahead, with no really significant upturn until August or September. The range of forecasts for total domestic sales is wide: Wall Street Analyst David Eisenberg believes that Detroit will sell no more than 6.5 million autos in 1975, but General Motors Chairman Thomas A. Murphy talks of a 9-million-car year. Though that would be well short of 1973's alltime high of 9.7 million new cars, it would be comfortably ahead of 1958, when only...
...then rebounded smartly. Stocks rose briskly after the Dow bottomed out at 437 in 1958, at 536 in 1962 and at 631 in 1970. Four-year men thus believe that the 1974 low reached in early December was an important bottom that must be followed by a sharp upturn...
Partly because the past year was so bad, the outlook for 1975 is somewhat brighter. If nothing else, analysts say, stock prices have discounted just about all the bad news that can be realistically expected and are due for an upturn, perhaps by spring, that could gradually push the Dow to around 800 by year's end (no higher than it was in early 1964). Their major reason: as the worsening recession bites into corporate profits and the rate of inflation, investors will sense that the economy is about to bottom out and will begin buying in advance...