Word: forecaster
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...again emphasized his view that the buildup of petrodollars in the oil-producing nations was not going to be as massive as had been predict ed. Their foreign reserves, said Simon, might reach only $200 billion to $250 billion in 1980, rather than much higher figures that some had forecast. Reacting to higher prices, other countries were buying less oil from the oil states, which in turn were buying more goods and services than had been anticipated. Thus there was no foreseeable danger of world monetary collapse. "The international financial aspects of the oil situation are manageable," concluded Simon...
...this week (or maybe next week, or perhaps the week after): On the first weakened day, or Washington's birthday, with what is called "appropriate weather conditions, the institute of Contemporary Art will sponsor a Snow Sculpture Competition on the Esplanade. I'm writing this on Tuesday, snow is forecast for Wednesday, but the way this winter's been going, I have little faith in WE6-1212. So, if it ever does snow, there'll be prizes, and it's open to all ages...
...Unemployment will continue to rise but at a slower rate. One White House adviser estimates that with the Ford program, the unemployment rate by year's end would be half a point below what it would otherwise be. Economist Otto Eckstein, head of Data Resources, Inc., makes a similar forecast. He reckons that the unemployment rate next December would be a still shocking 8.1%, rather than an even worse 8.5% (it was 7.1% last month...
During the economic summits last fall, we had a whole range of economists-not one of them forecast, as I recall, the precipitous drop in auto sales and the increase in unemployment...
...happens, the mildly optimistic conventional forecast is getting some support from an unconventional quarter: the ever inventive and unorthodox breed of Wall Street analysts known collectively as "technicians." Uninterested in such mundane matters as interest rates, profits and price/earnings ratios, the technicians try to divine the future by studying patterns that have seemed to shape trading in the past. The technician, says one of the leading practitioners of the art, Edson Gould of Anametrics, Inc., approaches each new year like "a lion tamer who must anticipate the moves the animal will make." The 1975 moves, as forecast by some...