Word: creditably
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Dates: during 1950-1959
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...Credit Line...
Better than Brynner. For the ordinary Italian family the supermarket still has drawbacks. Unlike the small shops, the supermarkets do not give credit or make home deliveries. Most Italian housewives cannot afford imported foods, cannot take home much food on a motor scooter, and do not have a refrigerator to store the food at home. Nonetheless, shopkeepers located near supermarkets complain that their business is down a third. Even Communist housewives have ignored the Red complaint that "Rockefeller is strangling the food merchants...
...Federal Reserve Board alowed a few more steps last week to tighten credit (see State of Business), more and more Wall Streeters wondered whether the FRB can control a new inflationary upsurge as well as it did during the 1955-57 boom. How widespread these doubts are was reflected in the stock market, where stock prices during the week rose to a new high for the year. Wall Street was highly skeptical about the power of the FRB because, in trying to control the new inflation it fears, the FRB is up against a big problem it did not have...
...speculative binge that had boosted the price of U.S. bonds (TIME, June 30). Many, gambling on a continued rise, bought the new bonds with nothing down. But in June it also became plain that the recession had hit bottom and the FRB might have to tighten credit. Bond buyers saw the promise of higher interest ahead and dumped their holdings. The speculative bubble burst. As prices fell, the yields reached as high as 3! on Government bonds. The Government bond market turned so weak that when the Treasury floated a $16.3 billion issue of one-year certificates...
...some $46 billion in maturing securities. With private investors scared out of the bond market, the Treasury is counting heavily on commercial banks to buy its future issues. Since the banks can turn right around and borrow from the FRB on the bonds, this will also add to the credit supply, forcing the FRB to increase its efforts to check credit...