Word: upswinging
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Forecasting curves, as far as the Economics Department is concerned, has always been a hazardous, inaccurate business. These prescient folk predicted a cyclical upswing a week before the '29 crash.
Ever since the Student Council became a popularly-elected body two years ago, the College's political idealists have been hovering anxiously around the ballot boxes, hoping to see democracy vindicated. The student vote would bring in topnotch men, the idealists ventured, and with a real mandate, these democratic Councils...
Nipped. Personal income reached an alltime high of $197 billion last year, up $20 billion over 1946. But the upswing, said the Department of Commerce when it announced the figures, had been nipped by the commodity slump (see above). Commerce predicted a drop in income, especially among farmers, in the...
The London stockmarket tumbled sharply under the impact of the Empire crisis (see FOREIGN NEWS). A selling wave sent common stocks crashing down eleven points to 119 on the Financial Times index, their worst fall since Dunkirk. Even consols (British Government bonds), which are generally regarded by Britons to be...
In Wall Street, where there are some 1,150 purveyors of market letters to keep investors well informed, there had not been so much confusion in years. The trouble was that the experts violently disagreed on whether the upsurge in stocks in the last two months was a short term...