Word: inflationitis
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Dates: during 1960-1969
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Maybe his sense of apocalypse is heightened by living so close to the San Andreas Fault. During a fund-raising luncheon at his alma mater. Illinois' Eureka College. California's Governor Ronald Reagan applied a truculently ominous-// extremely loose -interpretation of history to the condition of the U.S...
This rise of 8.5%* is more than the 6.25% proposed by Economics Minister Karl Schiller last spring. It is also more than the 7.25% revaluation carried out by market forces in the four weeks since the mark was cut loose from its old peg. Schiller called the new rate "the...
In all, the difficulty of finding reasonably priced housing has contributed to the feeling of frustration in the nation. The Nixon Administration recognizes that the housing problem is fanning popular discontent about inflation. Moreover, rising pressures in the housing market may well aggravate tension in the ghettos. Rent strikes, led...
Even if the Government would permit it, most S. & L.s and mutual savings banks could not afford to raise the rates they pay to depositors. The bulk of their assets is invested in 20-year to 30-year mortgage loans at the much lower interest rates of bygone years. Insurance...
Beyond the immediate problems caused by inflation and tight money, there are other, longer-term reasons for the trouble in housing. The home-building industry is like a sprawling Gulliver, pinned down by gremlins. The industry is snarled in a tangle of little, mostly local restraints that make houses and...