Babson forecast 1940 first half to boost U.S. industry
Babson predicts the first half of 1940 will bring strong gains in jobs wages farm prices business profits and dividends, with the Babsonchart index around 115 and a best six months since 1929 though risks from war elections and taxes loom. He cautions that forecasts beyond June 1940 are mere guesses and sees two possible outcomes for the second half a boom or a crash.
MENTIONED IN THIS ARTICLE
Roger W. Babson
Babson Park
Masa
Pec
Congress
Jbusiness
Babson
Hitler
Stalin
Roosevelt era fiscal forecast and 1940 economy outlook
The piece surveys federal spending, taxes, and deficits under Roosevelt, predicting a large 1940 deficit and near 45 billion dollar national debt. It anticipates strong defense spending, a heavy industries boom, rising unemployment in some sectors, and modest gains in farm income and consumer buying power amid price stability.
MENTIONED IN THIS ARTICLE
Congress
Wallace
Uncle Sam
Washington
Defense
Treasury
Roosevelt
Cole
Real prosperity not near as war lines shift in 1940
The author predicts a busy 1940 for construction and real estate with 10 to 15 percent higher public and contracting activity. Industrial and residential builds may rise 40 percent from 1939 while FHA loans boost housing. Stocks and bonds show mixed bets with cautious optimism. War impact is downplayed as a major boom factor. true prosperity remains distant.
MENTIONED IN THIS ARTICLE
Triple A” Corporation
Babson Park Notice curbs reproduction rights
A brief legal note from Babson Park Massachusetts states the article’s content is copyrighted and cannot be reproduced without permission from the Publishers Financial Bureau. The notice identifies the location and authority asserting rights over the material.
MENTIONED IN THIS ARTICLE
Publishers Financial Bureau
Babson Park
Mass
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