Word: feverently
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From the populous Gold Coast to the rural panhandle, Florida Democrats these days are flushed with a premature case of presidential campaign fever. The cause is the round of caucuses on Oct. 13 at which Democrats will choose 878 delegates to a convention on Nov. 16-18 in St. Petersburg. There they will be joined by 839 other delegates, including party officials and officeholders, and cast a straw vote on their preference for the Democratic presidential nominee in 1980. It is one of the quirkier contests in the history of American politics, since it has a theoretical significance rating...
...Story has surrounded us. In a small town like Seabrook, everyone is a possible quote, or angle. The reporters are supposed to observe and record, but battle fever--or at least its accompanying tension--is infectious. No one wants the pain of Mace in the eyes or a club in the back, just a whiff of tear gas as a souvenir...
After Carter's belated move to shore up the battered dollar in November 1978, the Administration showed little concern about the gold boom. As long as gold buyers were not singling out dollars for heavy selling, the fever was viewed as a monetary nonevent. But this complacency faded rapidly late last week when the greenback plunged 2% in just one day against the West German mark, to the lowest it has been since last October. The weakness caught Washington unprepared. Said one Treasury official: "There simply isn't the mental horsepower in the White House to deal with...
...says, not only from OPEC governments eager to protect their oil profits from U.S. inflation and the decline of the dollar, but also from peasants and small traders for whom gold remains the most popular portable security. Demand from Europe is accelerating because inflation there is rising. Bullion fever has now spread to Switzerland, reflecting fears about inflation even in that land of granite-hard currency...
...realize is that when everyone gets in, the boat sinks." If a great many large investors move to take their profits, the sinking could be rapid. Although there is no evidence of this happening yet, smaller investors who are unable to sell quickly could find that gold fever is not only contagious but very painful as well...