Word: upturn
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Dates: during 1980-1989
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...longer an upturn is delayed, economists fret, the greater becomes the still small chance that it will turn into something that could be called a depression. One reason is psychological: as bad economic news persists, the word depression moves out of the twilight zone into public discussion, just possibly to the point of becoming a self-fulfilling prophecy. The Administration's putdown of depression was prompted in part by a spate of articles in newspapers like the Washington Post, New York Times, Chicago Tribune and Wall Street Journal that have discussed just such a possibility...
...disquieting thing is that the prospective date for the upturn keeps getting pushed back. The Reagan Administration first predicted that recovery would begin shortly after the start of 1982, then in the spring. Now the prevailing opinion among forecasters, both in the Government and private business, is midyear, and there are loud dissents. Robert Farrell, the leading stock watcher for Merrill Lynch, biggest of all brokerage firms, asserts bluntly: "The consensus that has the economy up in midyear and up in 1983 is wrong." Many investors appear to share his apprehension. The Dow Jones industrial average dropped 17 points last...
...automakers still hope for a sales upturn this fall. Millions of Americans have been delaying replacement of their old cars, but at some point they will be forced to take them off the road. The new voluntary restrictions on Japanese auto exports should also eventually help the sale of American models. But it may be a while before lacocca will be able to repeat last week's profit announcement...
...does. The Tory Party never talks about getting rid of theirs?but does it." How could a coup against a leader with a 43-seat majority be brought off? One senior minister sketches a simple scenario: "If, after another year to 15 months, there are no signs of an upturn in the economy and a reduction in unemployment, I would expect a Cabinet consensus to force a change of policy. If Thatcher agreed, there need not be any change, except in policy. If she disagreed, it would go to a vote in the Cabinet, and if she were defeated...
Even if the plan is accepted by all the parties involved, the ultimate survival of Chrysler will depend on selling the slow-moving K-cars in a recession-battered market. Without an upturn in car sales, no special deal will be able to keep the nation's 17th largest out of bankruptcy court...