Word: upturn
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Dates: during 1970-1979
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...recent upturn in the market is a hopeful sign, and this week should be a very good one for the Fund. But after falling 16 per cent short of its estimated income last year, the Fund still has a great deal of ground to make...
...biggest hike since 1967. Consumer prices in April rose at an annual rate of 7.4%, about double the abnormally low March pace, but the increase was still less than in any month during 1974. Consumers may not follow the detailed figures, but they have heard the forecasts of upturn, and some are acting on them...
Second Push. Economists are betting that revived consumer spending for a broad variety of goods can get an upturn going without an immediate lift from the auto industry. The new question to which some are turning: What will those retailers and manufacturers who do benefit from rebate spending do with the money? If they in turn step up their outlays to order more goods and increase production, the economy will get a second upward push from the rebates during the last half of this year...
Foreign moneymen have hope that the dollar may be nearing the end of its decline-especially if prospects for an upturn in the U.S. economy continue to improve. But nobody expects a strong rebound, much less a return to the robust exchange rates of the 1960s. Too many dollars spilled out by years of U.S. international deficits are still sloshing around the world, and as long as that continues, the once mighty greenback is likely to remain an invalid abroad...
Liberal members of the board, such as Okun and Pechman, think that a faster upturn is possible, but it would require more Government stimulation of the economy. Most would wait until late this year or early next to see if big new tax cuts or spending programs are necessary, but they believe that some steps could be taken now. At minimum, they think the income tax cut should be extended through 1976 rather than being allowed to expire on Dec. 31, as it will under present law; Congress is almost certain to agree. Some members would also have the Federal...