Word: downwards
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...would end. The failure of these forecasts eventually reduced the White House to glum silence, muffled the Cabinet. Last week, however, Secretary of Commerce Robert Patterson Lament uttered one more Administration prophecy. Prophet Lament was very cautious, very vague. Said he: "The apparent retardation in the rate of downward movement in several basic indexes of business, supports the belief that the elements of recession have now spent most of their force. . . . While it is impossible to forecast at what time unmistakable evidence of improvement in business will occur, it is clear that we have reached a point where cessation...
Last year President Hoover predicted surpluses for fiscal 1930 and 1931 (TIME, Dec. 16, 1929). Last week, on the heels of his message on the State of the Union, he sent to Congress an annual Budget Message in which he was forced to revise last year's figures downward, to caution Congress against rash appropriations. His points...
...first two vertical lines, reading downward "etaoin shrdlu," often appear in print. Having felt himself make a slip, the linotypist will run his finger down those two lines to make an obviously pied line of type which the proof staff will surely, but does not always, catch...
...accustomed to campaigning on the crest of a bull market. They had seen President Coolidge boom stock prices with White House statements. They had seen President Hoover's more subtle attempts to do the same thing fail. Nothing the Government did or said seemed able to brake the downward slide of values...
Outlining the causes of the present economic conditions, which in turn were responsible for the great downward period of the long business wave he said, "Bad financial conditions in Europe created an unsteadiness in America, this waver in business was further increased by over speculation in stocks, and the whole thing was given another thrust in the wrong direction by the agricultural crises. We can further add a number of special causes, the over-production of mootr cars, for example. Again, there are various things that only show themselves during a crisis, all the result of a general lack...