Dalio’s 1984 Forecasts Hit Markets and Metals
Economist Ray Dalio bucks the crowd predicting a stock and ad market decline in 84 while favoring precious metals. He foresees inflation rising to 7 percent by 83 year end, 8 to 10 percent in mid 84, and 15 percent in 85 with higher rates to 12 13 percent by year end. He expects GNP to rise 5 percent in 84, but his view clashes with consensus.
MENTIONED IN THIS ARTICLE
Ray Dallo
Dairo
Dalio
Israel
Brazil
Nelson Bunker Hunt
Citibank
Goodyear
U.S
Dano
Dale
Labor fears computers and robots split workforce
AFL CIO study warns automation could create a two-tier labor market with 6 000 robots and 2 million computers in use now and up to 48 100 000 robots and 20 million computers by 1990. Top jobs go to executives and professionals while many workers face low paid, dull roles and job loss in metalworking and elsewhere.
MENTIONED IN THIS ARTICLE
Afl-Cio Committee
United States
American Motors
Toledo
Afl-Cio
Chile Faces Record Debt Crisis as Loans Default Rise
Thousands of Chileans struggle with unpayable debts spurred by business loans and consumer loans amid a foreign debt near 21 billion dollars. Banks’ capital drained, the government halted principal payments, and street protests surged as economic mirroring a stage tragedy underscores the crisis.
MENTIONED IN THIS ARTICLE
Santiago
Chile
Jose Parera
West Germany
Pablo Pinera
Julio Bravo
Augusto Pinochet
Sohio tops in revenue in Ohio for 1982
Standard Oil Co of Ohio led state revenues for the third straight year with more than 13.5 billion in 1982 sales. Procter & Gamble of Cincinnati ranked second with just under 12 billion, and Kroger Co of Cincinnati was third at 11.9 billion, per The Ohio Roster.
MENTIONED IN THIS ARTICLE
Cleveland
Standard Oil Co
Ohio
Procter & Gamble
Kroger Co
Cincinnati
Also Mentioned on This Page
Fed
Midwest
Congress
Business News
AFL Cio Executive Council
Aflcio
Thomas Donahue
Richard Boudreaux
Associated Press
International Monetary Fund
Sohio
Cere
IRA Mons
Collet
Sirift Cag
Heshe Oreer
Wren
Mid-Ohio Securities Corp
Radio Shack
Vetak
Elia
Tandy Corporation
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