Word: dollar
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Dates: during 1970-1979
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...trouble is that anyone waiting for rationality in the foreign-exchange and gold markets may have to wait a very long time. Last week's trading was an example: though there was no special news to drive the dollar down, it sank to record lows against the yen, mark and Swiss franc, and also declined against the British pound, which bobbed briefly over $2 for the first time since 1976. Despite the later rally, at week's end the dollar had registered these drops just since mid-July: 7% against the yen, 3.5% against the mark, 10.5% against...
Perhaps the most menacing sign of loss of faith in the dollar is the wild gold rush that shoved the price of that indestructible metal to a close of $208.50 an ounce last week-up 25% so far this year. The boom has been primarily a dollar phenomenon. The price of gold in yen or marks has changed only slightly. But from Hong Kong to London, gold markets that once were the preserve of diehard fundamentalists are crawling with investors-corporate treasurers, money managers, individual speculators-eager to turn dollars into the metal that has always been a mystical symbol...
...World inflation has reached crisis proportions, only we do not realize it," says Deak, his Bela Lugosi accent echoing his native Transylvania. The demands for federal spending on welfare and defense are so intense that "various measures taken by Government can affect inflation and the dollar, but only very little. I'm afraid that inflation will increase, and eventually our monetary system will collapse and our social structure will change. I went through all this before-in Hungary, Austria and Germany hi the 1920s-and the trend is inevitable...
...guide?with one of next year's biggest blockbusters. Stores would be clamoring for every paperback copy of Fools Die they could lay hands on. This, in turn, would give the publisher leverage to persuade sellers to stock other titles on the firm's list: a million-dollar domino theory...
...case of sour grappa? Possibly. The figures paid for books are impressive, but to recoup a multimillion-dollar investment today, paperback publishers must tout their products like new cars. Record-sale publicity is one way. And, of course, there are gimmicks and advertising blitzes for the soon-to-be-made-into-a-major-motion-picture that augment the hard-sell paperback commercials on radio...