Word: buts
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Dates: during 1970-1979
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The Consumer Price Index continues to steamroll along at 12.7%, but the prime rate, which banks charge their preferred customers, has come down a quarter of a point from its height of 15¾%. There is a feeling on Wall Street that rates have peaked. This has energized the Dow...
Many measures of industrial activity are lower today than they were at the beginning of the year. Like theologians discussing how many angels can dance on the point of a needle, economists may argue tirelessly whether there really was a recession in 1979 and when it arrived. But there are...
Perhaps a windfall-profits tax should be levied on prolific financial journalists in these inflationary times, because the inkwell is as mighty as the oil well. Anyone who can write with wit or apocalyptic certitude about how to cope with shrinking purchasing power and vanishing nest eggs does not have...
Your Money by Richard Phalon. The reader who follows all of Phalon's advice may or may not "minimize his tax bite and manage himself into a surplus" as the author promises, but he will have had a good time for his $8.95. Explaining that loan rates can be...
The Complete Consumer Book by Bess Myerson. The shopper who spends $9.95 for this book will discover that even consumer advocates can be guilty of false and misleading labeling: Myerson is by no means "complete." The 100 or so pages devoted to owning a house, for example, dispatch property insurance...