Word: depressingly
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...bullion and other precious metals to no more than 30% of the net asset value of the shareholders' equity. Thus some big West German banks, such as Dresdner and the Commerzbank, eventually might be forced to sell some of their huge gold and silver holdings, thereby helping to depress the price...
...lower food prices for the general public. It would also be a benefit to those U.S. farmers who buy grain for their livestock. Says Sung Won Son, senior vice-president and chief economist for Northwestern National Bank in Minneapolis: "Having the grain overhang the market will psychologically and actually depress market prices. The grain exporters and elevators are large enough to survive the crisis. The real hardship will be down on the farm." Experts figure that the embargo will cut farm income this year by 10%. The loss will ripple through the farm economy, affecting rural bankers, storeowners, feed companies...
...going to like this, but Pol Pot should be Man of the Year. There are many indications that it has been that kind of year. I won't itemize; it would only depress...
...prefer a quick and dirty approach, and the Fed's actions are very much along that line. They will give the domestic public and foreigners the sense that we really are going to come to grips with inflation." Grove concedes that a dramatic and determined" credit squeeze would depress business activity and push up the unemployment rate. He also thinks the stock market had good reason to flop: "Some of the doubting Thomases who believed we would have at most a mild recession now realize we are going to have a real recession that could significantly reduce profits." Nonetheless...
...slightly at week's end to just below $299. But the decline could well be temporary. Says Hans-Joachim Schreiber, the chief trader of West Germany's Dresdner Bank, which has been the biggest buyer at recent U.S. Treasury gold auctions: "There are no forces working to depress the gold price...