Word: dipped
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Dates: during 1950-1959
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...Black Statistic. The looming crisis of confidence was a serious challenge to Administration leadership: the great economic danger was that crumbling confidence might still further shrink buying and investing, and so turn a dip into a more severe recession. Confronted with this challenge, Dwight Eisenhower and four of the Government's top economic-policy shapers huddled in the President's White House office one afternoon last week. Present besides Ike: Treasury Secretary Robert B. Anderson, Federal Reserve Chairman William McChesney Martin Jr., Economic Advisers Chairman Raymond Saulnier, Presidential Economics Assistant Gabriel Hauge. They knew that next...
...came a batch of earnings reports last week for the fourth quarter of 1957, the first quarter of the dip. The trend in most cases was downward, but like the economy itself, the reports added up to a mixture of good and bad. Even in cases where fourth-quarter earnings fell, the fall was often not great enough to prevent the company from totting up record earnings for the year...
...nudged its net up for the year with the help of a fourth-quarter rise in the oil industry, a 32% cut in Jersey Standard's fourth-quarter net (to 71?, v. $1.04 a year earlier) gave the world's biggest oil company its first yearly earnings dip in five years. Healthy fourth-quarter gains were run up by International Business Machines ($2.17, v. $1.86 in 1956), which had a record profit year, and Westinghouse Electric Corp. ($1.11, excluding a special tax refund, v. $1.07). Though the earnings trend was down, such surprisingly strong showings in the face...
...free economy, said the report, "growth will inevitably proceed at a somewhat uneven pace." The "unfavorable feature" in the economy of 1957 was not the dip but the fact that, even with industrial capacity outpacing demand, the consumer price index kept creeping upward...
...beginning of 1957, businessmen and economists were unanimous about the outlook: the first six months would be great, but then there might be trouble. At the beginning of 1958, the crystal-ball gazers are once more unanimous-but with a difference: the new year will see a sharp dip during the first half, followed by an upturn in the last six months, helped along by big increases in Government spending. Will the first-half softening lead to price cuts in key industries? The answer seems to be no. Few industries, as demand eased, were talking of price cuts. Instead, they...