Word: dollarization
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Dates: during 1980-1989
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...squeeze and a U-turn back into recession (if the Fed held fast). They also were wrong. They overlooked the new globalization of credit markets and the willingness of foreigners to step in and supply the dough. The Cassandras have been updating their scenarios throughout the 1980s: the overvalued dollar will destroy American industry; or, the undervalued dollar will hand American industry to foreigners; or, when the foreigners get tired of spotting us, interest rates will shoot up, and we'll have a recession; or, as the trade deficit narrows, domestic and export demand will combine to create inflation...
...18th century Japan. On any given day one may see perhaps a dozen screens and a dozen scrolls hanging in the main cell of the pavilion. They are to change once a month. Since the building cost some $12.7 million, this must be the lowest density of art per dollar in any museum in the world. Scholars can consult the main collection in storage...
...average wage of a woman is still just 59 cents to every dollar of the average male wage, said Rondeau...
...that a scaled-down dollar has made American goods competitively priced, factories have been running at nearly top speed this year to fill orders from customers at home and overseas. During August, U.S. factories, mines and utilities operated at 83.7% of capacity, the highest figure since 1980. A few & industries are approaching their output limits, which means that rising U.S. demand may force buyers to look overseas for their supplies...
What happens to TV's Tinkertoy remains to be seen. When it was first launched six years ago, USA Today the newspaper was denounced as a multi-million dollar example of arrogance...