Word: inflationitis
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Dates: during 1960-1969
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Credit was plentiful because the Federal Reserve Board, even while raising interest rates, allowed the supply of money in circulation to grow at a rate that proved to be inflationary. The board had to feed funds into the money market so that the Treasury could borrow to finance the federal...
The trend toward tighter and costlier money-combined with expectations of continuing inflation-portends trouble in the U.S. securities markets. Bond dealers are afraid that even the high yields on fixed-interest securities are too low, relative to the rate of inflation. These dealers figure that they may have a...
Inflation in 1968 helped to foster a contagious speculative mood in the stock market. Led by the "gogo" mutual funds, many once staid institutional investors plunged into small new issues that offered a chance for quick profit. Fried-chicken franchisers, wig makers and small computer-service firms had no trouble...
The U.S. can make little real progress toward economic stability, either at home or abroad, until it ropes in inflation. So long as prices and demand rise at today's pace, imports will continue to increase much faster than ex ports, and the integrity of the dollar will be...
Even so, Walter Heller and other eminent economists maintain that inflation will continue to plague the U.S. for years to come. The task for 1969 is to gain stability without losing much of the very real progress of the past eight years. As former Eisenhower Economist Raymond J. Saulnier notes...