Word: againe
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Dates: during 1970-1979
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The then Treasury Secretary, W. Michael Blumenthal, strongly disagreed. He argued that the slowdown was only momentary and that demand for money and credit would soon be rocketing all over again. That is precisely what happened. With people increasingly following an impulse to "buy now before the price goes up...
"It can't happen again." That was the cocky mood along the eight blocks of Wall Street last week. A new generation of stockbrokers, analysts and specialists who have only read about the Great Crash confidently continued business as usual. A block from the New York Stock Exchange, Trinity...
But Wall Street today is also very different from what it was a half-century ago. Then the market and the country were in an ebullient mood; optimism was king. The stock market law of gravity held that whatever goes up must go up again. During one day, RCA-the...
The pace was more appropriate to October 1980. There was Jimmy Carter zipping from an S.R.O. press conference in Washington to Albuquerque, San Diego, and then back to the White House for a two-hour weekend phone-in that was broadcast by National Public Radio. Back in the capital barely...
Iran's state radio and television last week once again attacked Western news organizations. This time, Tehran's anger was directed against those who "raise hell when Iran punishes murderers but shut up when the best youths of Iran are murdered by agents of Zionism and imperialism." That...