Word: interest
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Dates: during 1970-1979
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...pattern emerges: sudden accelerated interest followed by a sudden decline ininterest, with a clear peak in the year...
What is needed is for the politicians to catch up with the people, to challenge them to accept some measures that might reduce special privileges for narrow-interest groups in order to enhance growth for the broad majority. If the U.S. continues to reverse some of the debilitating trends of the 1970s, then the 1980s could well become a brilliant decade for a nation that still has so many unmet needs-and so much potential for fulfilling them...
...Barnum lived today, his famous dictum might well have been: There's a saver born every minute. In the inflationary 1970s, savers are suckers who stand to lose. If inflation should continue at February's 15.4% rate, every dollar put into a bank at 5¼% interest will become 91.4? in real money a year from now-and a lot less than that after taxes are paid on the interest...
...investors who need income, Nathan suggests buying "real property-apartments, office buildings, things that offer a reasonable return and good appreciation." His own investments have been in farm land; one 270-acre spread in Maryland has quintupled in value in the 15 years that Nathan has had an interest...
Murray Weidenbaum, 52, economist, St. Louis. He has been putting his money into short-term securities like Treasury bills. When interest rates peak and start declining, he plans to shift into three-to-five year Treasury notes and perhaps municipal bonds to lock in the higher rates. Less than one-quarter of his assets are in stocks. Says Weidenbaum: "I have been the typical small investor who gets burned repeatedly. I have had a diversified portfolio of lemons...