Word: ifs
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Dates: during 1970-1979
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For the first time, several of TIME's economists worried that the intransigent inflation might endanger the free economic system. Lower- and middle-income citizens have accepted the inequities of capitalism because they figure that they have an opportunity to get ahead. If inflation and slow growth rob people...
Greenspan, who as chief economist in the Ford Administration devised the measures that helped pull inflation down from 12.2% in 1974 to 4.8% when Jimmy Carter took office, is the most confident of the board members that stringent fiscal and monetary policies alone can work again. He predicts that if...
On the outlook. We are in a hell of a mess and that's nothing to be proud of. The people at Chrysler look great even if the balance sheet looks lousy. It all comes down to the marketplace. We have to go head-to-head with every car...
On prospects for takeover or merger. In the real world auto market there will be associations, mergers and joint ventures by the hundreds. As for the rumor of a Chrysler-Volkswagen deal last summer, there was absolutely nothing to it. But if you ask me whether we are a prospect...
On bankers, politics and aid. A banker has got to look at it cold turkey. He's got to look at minimum operating capital requirements and the debt-to-equity ratio. At the moment the bankers say, "We think we have done all we can." Well, we don'...