Word: depression
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...blight will affect the retail price of corn-fed animals. Housewives are likely to find chicken prices rising in about five or six months. The record numbers of pigs already fattened may actually depress pork prices this winter and next spring, but agronomists predict that higher feed costs could drive up the price of bacon and other cuts of pork by next fall. Beef prices could also rise next fall...
Whatever the reason, the persistence of inflation presents policymakers with excruciating choices. Inflation could be stopped dead if the Administration and the Federal Reserve were willing to push ahead with severely restrictive fiscal and monetary policies to depress the economy. But the toll would be politically intolerable and socially explosive. The Administration, for example, has been counting on rising unemployment to moderate union wage demands, but in the present environment that moderation might well require unemployment considerably higher than the current 4.8%. Economist Gainsbrugh asks worriedly: "How acceptable would such a high body count be, particularly to the militant minorities...
...other institutions hold far more. Some of the go-go mutual funds have been selling off in dribs and drabs, over the past several months, the glamour stocks in which they have taken a beating. In the absence of much sustained buying pressure, their selling has been enough to depress prices persistently. For every stock sale there must be a buyer, of course, but nowadays the buyer is often a specialist assigned by an exchange to keep markets orderly. Part of his obligation is to buy when no one else will. Specialists have had to swallow gigantic quantities of stock...
...margin on stock purchases was unsound economic policy. If stock purchased on margin goes down and the investor can't repay his broker, the broker sells the stock at the lower price to get what is owed him, plus interest. This selling off of margined stock can further depress an already bearish market and has done so for a matter of hours several times during...
...point on which all the warring factions agree is that doctors should be far more careful before giving the present vaccine. Children with leukemia, or on steroid drugs that depress the immune reaction, obviously should not be vaccinated. Nor should a child with eczema or a history of recent eczema be vaccinated-certainly not without VIG -because cowpox may cause a fulminating and occasionally fatal exacerbation of eczema. But doctors and nurses often do not take the time to ask the right questions...