Word: slides
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Dates: during 1950-1959
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...would particularly like the energetic young men, with a concern for their futures and slide rules in their pockets. He would look with approval on the student hurrying to his class on the ups and downs of the stock market and admit the social usefulness of the several courses in the humanities. The multitude of organizations and activities woud please Franklin, and the University's concern for students' spiritual welfare would recall his famous maxim "to imitate Jesus and Socrates...
...excess funds. The bull market is leveling off, but we're not in a bear market, and the economy is as sound as ever." To Paine, Webber's Luttrell Maclin. the "election of the Democrats would not be catastrophic, or even necessarily bearish." His explanation of the slide: "The market was just too high. General Motors and Du Pont, for instance, reached their high a year ago, and they've been going down ever since." Walston & Co.'s Research Director Edmund Tabell, a top chartist, added: "The market has lost upside momentum for 18 months...
Speedup. The slide took place while the economy boomed on-except for farm prices, which edged down ½% from mid-August to mid-September (the third drop in a row). Steel production blazed at 100.6% of capacity. Business outlays for new plant and equipment will hit a $38 billion annual rate in 1956's final quarter v. $31 billion last year. For the auto industry. 1956 would probably turn out to be the third best year on record with production of 6,286,000 units, behind only...
Blessing in Abundance. Bitingly, he pointed to a decline in cotton, wheat, corn and rice prices since 1952, but noted that peanut prices have gone up slightly. "This administration has a fine record on peanuts," he laughed. But the farm price slide constitutes a "farm depression." From the past, Stevenson dragged out a familiar Democratic tactic: run against Herbert Hoover. The last time the Republicans succeeded in keeping "the stock market up and the farm market down," said Stevenson, "was the last time they were in office, with Hoover at the helm...
German Rise. The big reason for Britain's slide was mounting competition from West Germany. While Britain's gold and dollar holdings dropped, West Germany's shot from $134 million to $360 million. So fast was West Germany forging ahead of her Western neighbors in exports and payment balances that ECE cautioned that "the increasing divergence between the balance of international transactions of Western Germany and of other countries does constitute a potential threat both to the future progress of trade liberalization in Western Europe and the continued expansion of the Western European economy...