Word: fed
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Dates: during 1970-1979
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Explain "overheating" to the construction or auto industries, which can't build homes or sell cars. I don't see retailers screaming about too many crowds in their stores. What is overheated are interest rates, and the Feds, the biggest borrowers in the country, are the most affected. I am going to try the Fed's solution on my slightly overweight dachshund, overfeeding her to get her to stop eating. I only hope she doesn't get sick...
...central problem is that few people believe Big Business or Gigantic Government. Volcker of the Fed and Shapiro of Du Pont plus others meet in a posh resort in Hot Springs to speak of "easy money" and "the sooner we suffer the pain, the sooner we will be through it all." It would be more believable if it came from a motel in Davenport, Iowa...
...unsophisticated, maybe 80% plus, are beginning to put the Fed in the same class as OPEC. Both are pushing prices higher...
...pretty fed up with not being able to maintain a normal workout schedule," Forman recalls. "It wasn't as if I could just work around my injury because everytime I tried something else went wrong...
...Reserve Board insists that it puts little emphasis on weekly figures, which have always been subject to revision. But investors may logically wonder how the Fed can smoothly control money if its economists cannot be sure-within several billions-what the supply is from week to week...