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Word: dollarization (lookup in dictionary) (lookup stats)
Dates: during 1980-1989
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Usage:

...nation's huge trade and budget deficits really the problem? The point was expertly argued both ways. Would raising taxes now help the economy or send the economy into a recession? Reagan was expected to lower the budget deficit, soothe the markets, bring down interest rates and keep the dollar steady. At the same time, he must be careful not to discourage consumer spending and capital investment. Reagan, believer in the genius of the free market, instinctively recoils at Government fixes, especially in a tangle as dense as this. Still, fatalism in the face of complexity is not part...

Author: /time Magazine | Title: The Crash: Who's in Charge? | 11/9/1987 | See Source »

...panic was gone, but not the sense of helplessness. Like survivors of a natural disaster, Wall Streeters swung in a half-rational pendulum of despair and delight last week. Ready for a fresh quake in any direction, investors searched for definite portents in every new development in the U.S. dollar, interest rates and the budget deficit. But if the market was capable of a one- day, 508-point drop on Black Monday, Oct. 19, who could say what it might do next? Some seers thought they knew, yet their conclusions were as contradictory as they were passionate...

Author: /time Magazine | Title: The Crash: Riding Out the Aftershocks | 11/9/1987 | See Source »

...market's sturdiness was particularly impressive in the face of a sliding U.S. dollar, which fell 2% to 3% last week against major trading currencies. At one point the dollar traded in New York at 137.20 yen, a 40-year low, and 1.721 West German marks, the lowest in seven years. The drop apparently represented a Reagan Administration plan to abandon its policy of holding the currency steady in favor of allowing it to enter a managed decline. Many economists believe the dollar must fall 10% or more to help ease the U.S. trade deficit by making American goods more...

Author: /time Magazine | Title: The Crash: Riding Out the Aftershocks | 11/9/1987 | See Source »

...told me I had good stocks and should hold on. Now she keeps giving me excuses why she can't meet me for a few days." While Costa's threat was figurative, customer anger seemed all too real last week after an investor who lost nearly his entire multimillion-dollar portfolio walked into a Merrill Lynch outlet in Miami with a .357 magnum in his briefcase and killed the branch manager, seriously wounded a broker and then committed suicide. The customer, Arthur Kane, 53, later turned out to be a disbarred Kansas City lawyer and convicted...

Author: /time Magazine | Title: The Crash: Riding Out the Aftershocks | 11/9/1987 | See Source »

...might take to reduce the budget and trade deficits and force the country to live within its means. And those warnings cannot be lightly dismissed. There are in fact risks, magnified by years of drift, in any conceivable action on taxes, spending, interest rates, money supply and the U.S. dollar...

Author: /time Magazine | Title: The Crash: Risks In Every Direction | 11/9/1987 | See Source »

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