Word: charts
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Dates: during 1960-1969
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...that there have been recent reductions in the prices of new cars, tires, gasoline, refrigerators and other household appliances. While the cost-of-living index has edged up a bit more than 1% in the past year, most of that push has come from higher prices for services (see chart), such as medical care (up 3%) and public transportation (up 4%). Consumers are still clamoring for an increasing quantity of services, and are apparently still willing to pay handsomely for them. Service prices are high, partly because people are willing to pay for them, partly because services involve quite...
...communications satellite to deliver a stern-faced warning, witnessed by millions of Europeans, that "those who speculate against the dollar are going to lose." Next day, gold shares on the London Stock Exchange nosedived. The day after, the price of bullion on the London gold market followed suit (see chart...
Inevitably, the swelling number of dis count houses accounts for an increasingly large share of U.S. retail sales (see chart...
Worst of all is the disappointing pace of capital spending. Business spending to expand or improve plant and equipment has accelerated only half as fast as the Kennedy Administration had hoped, and is actually smaller in relation to the G.N.P. than it was five years ago (see chart). This year it will barely top $37 billion, or only 6.6% of the G.N.P. By contrast, the nations of Western Europe are plowing an average of 10% of their gross national product into capital expansion and modernization...
...sell-off had been forecast and foreseen by the smart boys for a long time." (If so, the Journal had not been listening.) Even the Wall Street Journal, which had been onto the story all along, chose to adorn its front page, the day after the dive, with a chart showing that sales of pleasure craft were sinking...