Word: whatchamacallits
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Dates: during 1953-1953
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...years with no drop, economists became more cautious. They now predict a decline in such indefinite terms that they can't be wrong. Only the future will determine whether the U.S. is now undergoing a "rolling readjustment" or "recession," or merely passing once again through a period of "Whatchamacallit," i.e., a troubled economic period which gives rise to all manner of dire predictions...