Word: inflationitis
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Dates: during 1960-1969
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After the Spree. Businessmen had plenty of explanations for the new signs of strain, none of them comforting to would-be borrowers. Many companies, having spent so much to keep up with the economic spree of the past six years, were borrowing to replenish their coffers or pay off short...
As those reductions phase in, probably starting the first of next year, U.S. consumers may enjoy slightly lower prices on imports. If history repeats, however, inflation will erase, or middlemen will pocket, much of the savings. In any case, even on a $5,000 Italian sports car, which now carries...
Stiffened Spine. Yet today is yesterday's tomorrow, and many of yesterday's fond hopes are still hopes. For all the hallelujahs, Brazil today-like all of its neighbors in Latin America-is faced with staggering problems that cannot be put off much longer. Brazil has South America...
Costa's biggest problem is the economy. On top of last year's 41% rise, the cost of living has shot up another 7.3% in the first two months of this year, making Brazil little more than one huge, hectic lottery. Just before leaving office, Castello Branco devalued...
Some fear that Costa may try to build too much, or that he will be more concerned with winning friends than winning the battle against inflation. He was no sooner in office than he counter manded a Castello Branco order and rehired-at least temporarily-1,500 surplus social security...