Word: highes
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Dates: during 1970-1979
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...Chinese, they have been driven out of Viet Nam in the past 18 months when they became the target of anti-Chinese prejudice - exacerbated by heightened hostility between Hanoi and Peking. Little was known of their fate until last week when Peking, hoping for aid from the United Nations High Commissioner for Refugees, allowed a group of U.S. journalists to visit the refugee resettlement areas in southern China. Among the first Americans to be granted entry was TIME Correspondent Richard Bernstein. His report...
...short-lived emotional response to higher interest rates. These both slow the economy and make bonds relatively more attractive than stocks. Federal Reserve Chairman Paul Volcker repeated that he is committed to throttling back the growth of money supply, and that interest rates would therefore remain high as long as the rate of inflation did. Indeed, the banks' prime rate for business loans climbed from 12¼% to a banana republic...
...fairly strong bull market has been under way in the secondary stocks, including those of the smaller oil and gas companies, newer high-technology firms and takeover candidates. While the Dow has been languishing over the past four years - it was at 840 in September 1975 - the index of over-the-counter stocks has gone up 94% and the American Stock Exchange index has risen...
...legion of financial matadors would have been needed to quell the stampede of gold bulls, who in five days of frantic trading last week boosted the price to nearly twice as high as it was only 21 months ago and three times as high as 38 months ago. In London, one frazzled trader termed the heated bidding "wild and irrational." It was no less so at the International Monetary Market in Chicago, where a record 31,591 contracts were posted on Thursday. Buyers also rushed for other precious metals. Silver approached $12 per oz., up from $6 at the beginning...
...intelligence enables the bank to be extremely precise in its own actions. Says Schreiber: "Even after we submit written bids, we usually adjust them by a few cents via Telex right down to the deadline." At the U.S. Treasury auction last month, Dresdner's bid came in just high enough to win, and a Swiss competitor's offer failed by only 20? per oz. One clear moral: private investors who hope to benefit from the bullion boom will have a hard time matching wits against the professionals...