Word: indexable
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...inflationary growth of the nation's money sup ply. But the money stock actually expanded by $2.8 billion in the first week after the "Volcker Package" was announced, and the Fed immediately began tightening credit and forcing up interest rates still further. This drove the Dow Jones index of industrial stocks down an extra 24 points last week, renewing memories of the Great Crash that occurred 50 years ago this month (see following story...
...unprecedented 16,410,030 shares,- the Dow tumbled another 31 points, to 230, and it was clear to almost everyone that something catastrophic had taken place. The Dow was down 151 points, or about 60%, from its September peak. When its wild plummet finally stopped in July 1932, the index was at 41, and the stocks it represented were worth around 12% of what they had been valued at in September 1929. All told, in three years investors lost more than $74 billion, which in terms of today's inflated dollars would be nearly $300 billion...
...Washington debates whether defense spending will increase to as much as $122 billion (see cover story for an idea of the realities underlying the number). In truth, far smaller figures can overtax ordinary people, many of whom, after all, have trouble fathoming the weather service's temperature-humidity index...
...vernacular, and even some times to a rather cloying liturgical sweetness: guitar strumming around the altar, folk songs, the priest rigged out in sunburst vest ments that proclaim HERE COMES THE SON. Gone are the Legion of Decency, which prescribed and proscribed movies, and the censorious Index of Forbidden Books...
...paper currencies in a period of scary inflation. For some extreme pessimists, the phenomenon has raised the specter of the Weimar era in Germany in the early 1920s, when wheelbarrow loads of notes were needed to buy a loaf of bread. Essentially, the price of gold is an index of anxiety and a barometer of fears that, justified or not, seem too real to many...