Word: cautionings
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Dates: during 1970-1979
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...Poet Robert Service would never have written about the cremation of Sam McGee in the Klondike. Legally free as of Dec. 31 to buy bullion for the first time in 41 years, Americans greeted the opportunity with a veteran prospector's wariness of fool's gold. The caution seemed justified. By week's end, after three full days of trading in the yellow metal, gold's price stood at $174 per ounce on the bellwether London Gold Market, down 12% from the high of nearly $200 set just before...
...dollars from flowing out of the country to buy imported metal. Buyers had additional reason to be hesitant. Several leading banks announced that they would not sell gold because of the costs and risks to unsophisticated investors. The National Association of Securities Dealers told the members to exercise "great caution" in gold dealings, warning that no federal mechanism exists to protect investors...
CHINATOWN. The year's most skilled and elegant Hollywood entertainment. A Los Angeles private eye (sardonically played by Jack Nicholson) stumbles into a slough of personal and political corruption. The movie is a lambent caution about the dread but immutable uses of wealth and power...
...earlier. The recession will hold down increases in many prices but will have little effect on a group of what Eckstein calls "lagging" prices: medical insurance premiums, rates for electric utility and telephone service and the like. These are still being raised to catch up with past inflation. One caution: price forecasts in the past few years have been more subject to error than any other predictions by economists...
Stagnant Growth Rate. Japan's traditional government by consensus, combined with Miki's instinctive caution, means that there will probably be few changes of policy under the new Premier. Miki is known to be pro-American and a supporter of the Japanese-American Mutual Security Treaty. He is also a longtime advocate of closer ties between Peking and Tokyo, and played a major role last year in shifting Japan from a neutral to a pro-Arab stance in the Middle East. His major problem, of course, will be to curb Japan's inflation (at more than...