Word: inflationitis
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Dates: during 1960-1969
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FOR businessmen almost everywhere, 1967 was a year of rising anxiety about strikes and riots, war and other tensions, inflation and monetary strains. In many countries, such problems thwarted or threatened economic gains by damaging everything from domestic output to world trade, whose growth shrank to a 7% rate from...
Against that background, new perspective is given to the acrimonious stalemate between the Administration and Congress over President Johnson's midyear decision to raise his unfulfilled demand for a 6% surcharge to a demand for 10%. The President and his aides, basing their case on a debatable vision of...
Despite such concerns, most private economists expect next year to be a good one-better than 1967. They see the U.S. economy expanding by a healthy 4% in real terms, with the 3% or 31% price inflation and with unemployment hovering about where it already stands. Bankers feel that the...
While 1967 retail sales are expected to wind up 4% ahead of last year's level- at a record $314 billion- a sizable chunk of that increase reflects inflationary rises in retail prices rather than growing consumer demand. The effects of inflation-are also disturbingly apparent in the burgeoning...
Longer Work Week. With disposable personal income at an alltime high, the odds seem good that people will start spending more and saving less. In recent months, uncertainty over inflation, the Viet Nam war and the possibility of a federal tax increase have prompted consumers to salt away an abnormally...