Word: inflationitis
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Dates: during 1960-1969
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With the average length of retirement now 13 years, the threat of inflation means that the cash value of a family's life insurance could well prove inadequate to its old-age needs. As a hedge, more and more Americans are turning to mutual funds, which, after all, promise...
Fix-Up Work. The inflation, however, should diminish somewhat by midyear and the overall increase in the consumer price index, as a result, will be about 3.4%. Steadier prices plus high employment-but with younger unskilled workers a drug on the market-could put the consumer in a spending mood...
President Johnson's ensuing actions were a final-and belated-admission that the U.S. cannot, in fact, easily afford both guns and butter. Still, the President's bitter medicine contains no long-range or permanent remedies for the payments deficit. Temporarily effective though it should be, last week...
The experts considered it inevitable that the momentum would decrease in the second half. Altogether, businessmen facing higher taxes and costlier credit will be spending about $85 billion on new plants and equipment by year's end-little more than they invested last year. The G.N.P. will grow 7.5...
The NICB forum, which has been unusually accurate in 22 years of such forecasts, warns that three factors temper optimism about 1968. One is the fact that it is a presidential election year, when the economy often holds up its growth temporarily to await the outcome of the voting. Another...