Word: market
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Dates: during 1970-1979
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...stock market will remain sluggish for months, but later this year it will rebound...
According to the refugees, one of the most striking recent changes apparent in Viet Nam is the corruptibility of middle-level party officials. Revolutionary zeal has given way to a cynical exploitation of Viet Nam's economic problems. Corrupt Communist officials have moved into the black market trade once operated by the ethnic Chinese. All of the Red River delta's major arteries south of Hanoi feature Communist-run "floating markets" that offer goods stolen from ships or directly off the docks at Haiphong. Conspicuous consumption among Communist officials has become so flagrant that Premier Pham Van Dong...
...outlook: modest slowdown, steeper prices, higher stock market...
...housing slump could lead the whole economy into decline, because the demand for so many other products-building materials, furniture, rugs, cars-bounces up and down along with sales of houses. Furthermore, millions of American families have socked large sums into their houses, and if they see that the market is softening and housing prices leveling, they will tend to pull back their spending...
When interest rates decline and inflation moderates later this year, the long bearish stock market should rise. The time is not yet at hand, warn TIME'S economists, who recommend putting investment money into high-yielding Treasury bills until the recession bites. Even then, the bulls may not let out a full-throated roar. Warns Pechman: "The fact that we are suggesting that late this year may be a time to buy equities does not mean that equity prices will go through the roof." But, says Beryl Sprinkel, "the cheapest assets in this world today are U.S. stocks...