Word: upturn
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...demand and a somewhat tighter Federal Reserve monetary policy. Since February, rates of 91-day Treasury bills have climbed from 3.07% to 3.51%, and bank prime rates have gone from a low of 41% to as high as 51% . Short-term interest rates are likely to show a slow upturn for the rest of the year, which should continue to aid the balance of payments...
...with Nebraska, Idaho and other states? Muskie and Humphrey run well in the national polls not necessarily because they are strong, but because they are better known. That's McGovern's problem." Quayle believes it likely that the national polls will soon reflect a McGovern upturn. That would mean a reverse bandwagon effect, with the national polls following the primary results...
Using computer studies and other arcane gauges, most economists continue to forecast a strong business upturn this year. The consumer, however, measures his well-being by less sophisticated yardsticks: take-home pay, store prices and job opportunities. In these terms, the first two months of 1972 have given scant reason for ebullience. The result is that consumer spending, which spurted briefly last year, has again flattened...
...very possible that a surprisingly strong upturn is now under way in the nation's business. Like flowers popping up through the snow, many signs of a resurgence are appearing: - Christmas sales are particularly brisk. Compared with last year, retail sales rose 11 % in the first week in December and 9% in the month's second week. Says Macy's President K. Wade Bennett: "So far, it's the best Christmas in a long, long, long time...
...incomes as well as the local job situation and business conditions will be higher or lower six months hence. His "forecast index" of consumer confidence rose from this year's low of 117.4 in July to 128.5 in mid-November, the highest since late 1969. Because the upturn began in early September and it takes at least three months before the consumer mood is translated into purchases, Sindlinger figures that a substantial rise in spending should start this month. The first signal that consumers have finally shed their fears for the future, he says, will come when the stock...