Babson Forecast Sees Mixed 1970 Economic Path
Babson Report assesses 1970 where profits erosion may ease and unemployment edge up to around 5 percent. It foresees slower consumer durable goods, inflation dampening purchasing power, and possible declines in short term rates while long term borrowing stays firm. Convertible bonds and preferreds offer inflation hedges with potential capital appreciation as rates fall.
MENTIONED IN THIS ARTICLE
Babson's Reports
Babson advises bargain hunting as profits from low stocks rise
The Babson Organization argues that 1970 profit potential lies in buying low during market drops. They favor life insurance, savings and loan, software, pollution control, metals like silver and platinum, oils, natural gas, building materials, and cyclical and oversold sectors for longer growth and capital gains opportunities.
MENTIONED IN THIS ARTICLE
Babson
Babson’s
Babson’s Reports
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