Word: creep
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Dates: during 1950-1959
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...says, an "inflation psychology" will corrupt all decisionmaking. Businessmen will not fear overexpansion because higher profits will bail them out. The public will stop buying life insurance and fixed-income bonds and scramble to buy land, commodities and equities, bidding up prices. Says Balderston: "The infant ceases to creep. It learns to walk, then run and finally gallop over the brink of the precipice" and bring the bust "which everyone agrees must be avoided...
Actually, most signs last week indicated that the creep, far from increasing to a gallop, was slowing to a stop. Sales of fixed-income bond issues are booming. The commodity market, classic escape for capital in inflationary periods, is in the doldrums. Washington officials see a chance that the September consumer price index figures will show no rise over August because of the seasonal drop in used-car and food prices. Eventually they expect that inflation will begin to creep again. To keep it from accelerating to a gallop, both sides agree on the need for wise use of credit...
...There are many cases where the U.N. have failed. Hungary does creep across my mind. We cannot be content with an arrangement where our new system of international laws applies only to those who show themselves willing to keep them...
...warm glow of an abundant summer there was little outcry from the American public against the U.S. creeping inflation. In fact, the few complainers were grumbling mostly about governmental action designed to stop the creep-e.g., the U.S. tight-money policies (see BUSINESS). In France and Japan, there were real outcries against import controls, in India against present wage ceilings in nationalized factories. When the chairman of Sweden's Riksbank (roughly equivalent to the U.S.'s Federal Reserve) increased the discount rate to 5% last month, Sweden's Socialist-Agrarian government, sensitive to popular pressures, kicked...
...fact remains that the massive creep of inflation has responsible economists worried. Not the least of their problems is the fact that inflation is built into inflation. Item: when the U.S. Bureau of Labor Statistics reported the 0.5% cost-of-living increase last week, the wages of some 650,000 electrical, aircraft, automobile and trucking workers automatically went up under wage-price escalator contracts by 2? to 4? an hour. These high marks in turn set goals for other unions and for unorganized workers to shoot at. And the increased wage levels set the stage for rises in prices...