Word: interesting
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Dates: during 1950-1959
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Root Cause. The continuing cause of crisis in Argentina is that stomach interest and personal politics have kept civil government weak and invited the military power centers to take charge...
...reverse spread between stock and bond yields (see chart) will cause a shift in money from stocks to bonds. They argue that in the past, when bond yields have far exceeded those of stocks, the market has tumbled. But investors in today's market have shown little interest in getting highly taxed dividends; most are seeking capital gains, which are not only lower-taxed but are a hedge against inflation. Those who have shifted over the past year have had heavy losses, because prices of bonds have fallen-although their yields have risen accordingly...
...purpose was to narrow the abnormal gap between the cost of Fed money to member banks and the rate at which the banks could lend money to their customers. After commercial banks upped the rate to their best customers from 4½% to 5% (TIME, Sept. 14), the interest spread rose to 1½%. Moreover, for several weeks the old discount rate was actually below the going market rate on U.S. Treasury bills, creating an opportunity for banks to borrow from the Fed and make a neat and riskless profit by investing in Government securities...
Behind the Fed's decision to follow the interest market up another half notch was concern over the ballooning of commercial loans, which have continued to rise despite downturns in loan requirements in industries affected by the steel strike. During the strike's early stages, the Fed delayed raising the discount rate for fear of adding to the effects of the strike on the economy. But as it became clear that the strike was not slowing the boom, the Fed began to worry over what will happen when the steel strike ends and steel users return in full...
Clark is a top money finder because he knows which insurance companies, savings banks, pension funds, or other sources have funds to loan, how much interest they want, and how to tailor each loan application to appeal to the loan-fund manager's personal preferences in collateral. For his services in introducing lender and borrower, Clark collects 1% of the gross proceeds of each loan. Sometimes, when an extraordinarily difficult piece of work is involved, he may raise his fee to 2% or more (the maximum: 5% of the amount of the loan). As a money finder...