Word: leaching
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Dates: during 1960-1960
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...market rates are forecasting a downturn in business, but this pessimism is unwarranted," said Norris Johnson, vice president of the First National City Bank of New York. Ralph Leach, vice president and treasurer of Morgan Guaranty Trust Co., agreed. Said he: "I don't look for a downturn. If everything isn't going through the ceiling, people think business is lousy. This is nonsense. We're in gorgeous shape as far as the overall outlook for the year is concerned." Actually, the easing credit was one reason for optimism. Most economists think that the current...