Word: inflationitis
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Dates: during 1960-1969
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Sir: Could you please tell me why everyone is explaining this week's stock market rise as the result of peace hopes, the possible end of inflation, etc., when it is so obvious that the real reason for the rise is those amazing Mets.
As head of the council, he also made a lasting impression on the Vice President, Richard Nixon. Burns left in 1956 to become president of the privately endowed National Bureau of Economic Research, but continued as Nixon's personal economic adviser. Last winter, just before being named Special Counsellor...
On the crucial matter of handling the economy, Nixon has been following Burns' advice. They are in agreement: the pressures that are being applied are right, and results will come if the Government stays on its course. Because Burns is reluctant to change his mind once he has made...
Wishful Thinking. Investors see the deep U.S. involvement in Viet Nam not as the restorer but as the destroyer of economic equilibrium. Stock prices have often risen markedly on nebulous peace hopes and dropped back when those expectations were frustrated. True, some industries profit from the war. But investors are...
Despite all the official declarations that the Administration's present anti-inflation policies will not be changed in the immediate future, brokers have adopted a more bullish mood. Those who only a short time ago were discussing the prospect of the Dow-Jones average going below 800-as it...