Word: inflationitis
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Dates: during 1960-1969
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No One Got Hurt. As criticism of the Administration by businessmen took on a sharper tone, there was a softer note from another side. Last week Federal Reserve Chairman William Mc-Chesney Martin, who had previously urged tax increases to battle inflation, told a meeting of the American Bankers Association...
Inflation by Anti-Inflation. The April figures would certainly suggest that inflation is no longer nearly so inevitable as it seemed only a few weeks ago. Yet no sooner did the slowdown statistics come through than out came the cost-of-living index. It is based on the U.S.'...
By most standards, this is inflation. Yet at the same time, those who looked closely at the figures could find room for argument. Food costs, which up to now had been leading the index upward, were stable in April. Major factors in the increase were the restoration of federal excise...
> JOSEPH L. BLOCK, chairman of Chicago's Inland Steel Co., who in 1962 helped break the steel price rise by refusing to go along with the rest of the industry: "The wage-price guidelines are unjust, discriminatory and harmful to the economy. Steel and a few other so-called...
Since January, the rate of stock slippage has stepped up. Thus, Zurich values are down 6½% this year. Amsterdam is down 8½%, the German Herstatt index is off 12½% and Paris Bourse prices are down 2½%. There is one bright spot on the European market scene...