Carter era 1977 outlook from AFEC economists
Economists A James Meigs and John Rutledge forecast a strong 1977 regardless of Carter while warning of rising money supply and government spending. They foresee lower unemployment but higher inflation and interest rates, with the stock market and dollar weakening. Federal Reserve pressure could lift money supply despite Burns’ stance, and defense spending may rise amid Russia’s arms buildup.
MENTIONED IN THIS ARTICLE
James J. Mitchell Copley
U.S
Jimmy Carter
Applied Financial Economics Center
AFEC
A. James Meigs
John Rutledge
Carter
Meigs
First National City Bank
Argus Research Corp
Rutledge
John F. Kennedy
Congress
Kennedy
Federal Reserve
Arthur Burns
Fed
Burns
Carter Administration
New York Stock Exchange Close Marks Mixed Earnings Pulse
Readers see a late trading snapshot from the New York Stock Exchange with broad fluctuations among major players. The list highlights companies such as Singer, Smithkline, Ford, Amoco, Exxon, General Electric, and Coca Cola amid varied percent changes, price levels, and trading activity at 2 p.m. quotes.
Wall Street Roundup of Selected American Exchange Issues
Reports from New York show mixed trading on the American Stock Exchange with notable price changes across multiple companies. Specific gains include ArminCp and Austral Oil while several others show modest losses or mixed movements, reflecting varied demand and market activity.
Economic forecasters misjudge in election year woes
John Cunniff notes forecasters resemble weather predictors, prone to overconfidence and shifting forecasts. They rarely attach probabilities, defend after events, and rely on econometric models that can be biased, with no control over wars droughts or consumer minds.
MENTIONED IN THIS ARTICLE
John. Cunniff
NEW York
Albert Cox
Merrill Lynch Economics
Walter Heller
Council of Economic Advisers
Jimmy Carter
Citrus
George Meany
Money Q and A on stock return and bonds
A practical explanation shows how to compute stock return by dividing annual dividend by price, yielding about 6.2 percent for a $30 stock. It defines average life of bonds as the expected retirement time, not the final maturity, and clarifies tax exempt versus municipal bonds as federally tax free interest with possible state tax relief depending on residence.
MENTIONED IN THIS ARTICLE
Arcadia High School
Engibeh
Comte
Cowie
Erldently
Commodity Closings Wrap Up Trading Day
London gold slid to 134.50, IMM Mar gold 134.90, silver 4.40, copper 59.3 cents, wheat 2.74, corn 2.524, soybeans 6.96, soybean meal 201.20, soybean oil 21.6 cents, live cattle 39.90, live hogs 33.85, lumber 191.50, cotton 77.89, sugar 8.27 cents. Prices mostly declined or held steady amid trading.
MENTIONED IN THIS ARTICLE
Ce Ct SS
NEW York
Feddst
Neng&l
Tan New York
Ts Filtra Cp
E— i Singer Co
Stock Exchange
Firestn
Niiamp
e+ Ve Smithkline
Sai
FstinBn
Norris
Ve Scareg
Flintkot
Noaphi
Ve Sonres
ACE Ind
FdFair
Northrp
SouPac
AMF Inc
Va Fordm
A GamSk
Okiang
Ve StaviCh
Gannett
SterDorug
Ailgbud
Setar Gia Ee A Gen Dynam
Sim— Ma Omark
Ve Steven
Ma GenEl
Asia
AMBAC
le Tandy Corp
Gtire
Tandyerft
Airlin
Genesco
AmelPw i
Global Mar
TesoroPet
Meehader
Mae Au Penney
Fenace
ae _ Am Motors
Gould
Texinst
Canair
Phil Morr
Va ThriftOg
Bruner Elk See
ArchDan
Gulf Oil
Todd Shipyd
ArMsick
Ye Asarco
Halllbrin
Séa
Harnisht
Avco Corp
HoffEle
Ark Ally
Usind
Ye Beker
Rayttia
BMG
Uefa Eas Ec
Bendix
Va Icinds
Reich Ch
Unite
BentiCh
Inacp
Ip Rept
la Upjohn
E— Ih Bengt
West
Reynin
Ve Rayon
Varian
Boeing
Abe
Itek
Stregp
Weyerhr
JanMan
Va SanFelnt
WiltmsCos
Jaslene Ee
Ana Seabcl
WinnDx
Cadence Ind
Bya Ene Searle
Winnebago
éVa
Ya Cat Finant
KaisrAl
Ye Sears
Ye Wolwih
CartWall
CastiCk
KerrMc
Ms CatroTr
KnigtRid
Va Censow
We Koppers
Chris Craft
Chrysler
Citicorp
Levitz Furn
Clarke
Cocacpl
Lockhd Airc
ColgPd
Loews
ColGas
LoneStind
CombEng
Ve Lngish
Comwe
LaPacif
Comsat
Ei ContAir Lin
Macmill
Ye ContiCp
Sb — Macy
CntiGrp
CoxBdd
McDaid
Craig
McDond
Crown Cork
McGrwh
CrwZel
Meadcp
Milgo
Ye Deere
M JM
DeltaAir
Mohasco
Dennys
DiamSh
MonDw
DiamSh Wi
MorNor
A Dillon
Motorola
Disney
WAN Dow Ch
NORCO
Dresser
Nlind
duPont
Nabisco
Dukep
NatAirl
Ve Dugit
NatCan
Ye Fedders Co
London
IMM Mar
Market makes slight gain in busy trading day
The Dow Jones average rose to 974.15 after four hours, up one point as advancing issues led decliners 7 to 6 on the New York Stock Exchange. A quarter point cut to 6 percent in prime lending rates spread through banks while traders ponder OPEC's possible oil price moves. American Telephone & Telegraph gained 0.25 to 64.44 and led volume on the Big Board.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Organization of Petroleum Exporting Countries
American Telephone & Telegraph
Also Mentioned on This Page
Money Matters
Federal Reserve Board
American Exchange
American Stock Exchange
Aegis Corp
Alleghy Airl
Amic Corp
ArminCp
Alamera
Athascm B
Austral Oil
BaldorEl
BannstrCd
Berg Bruns
BowVall
Bradfdn
Brascana
Ckpet
CMI Corp
Caressa
Carnat 1
Cerm
Champ Hom
Circlek
Coachma
Coleman
ConOid Gas Ji
Cookind
Cornelius
Crutch
Damson Oil
Dataprod
Dome Petri
EarthRes
ElcorCp
Fed Resrees
Filmwy
Frontier Air
GRIC
GiantYel
Gladding Co
Hartzm
Hycel Inc
Ada invDivers A. Ave
McCulo
Nat Paragn
Yo Plant Iac
ReschCt
Robintech
Shnandh
Vernitron
WTC Inc
Impoila
Intl Banknot
Kaislind
SeeEntr
Megoint
Mitchlé
Nat Patent
Nytimes
Ya Ozarka
Pertecomp
Vo PrenHa
Yo Ryanh
Va Syntex
Ve Tenna Corp
Terrac
AmBrand
Warc Pfc
Westers Ptl
Huskyo
Interway Cp
Vane Ys Kewanee
KinArk Crp
Lincoln Am
LoewThe
MillerWo
Nkinney Cp
Nproc
Nolex Cp
PallCorp
Plant Ind
Prestey Cos
Ve Risdonm
Usfiltr
The
Associated Press
Busine Flights
Mexico
Scottsdale
ORE
Skeers
Scottsdale (Az
Ion
Judith G. Rhodes
Madda Trading Company, Inc
Chicago Mercantile Exchange
TIMEU
Dan Woodroof
Scottsdale Sunburst Hotel
Scottsdale Rd
Milton Newton, Inc
NASD
Sipc Financial Center
Central Ave
Phoenix
Anz
J. Iton Heaton, Inc
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