Word: marketeers
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Dates: during 1970-1979
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...Still, that will be enough to weaken loan demand and cause overall interest rates to turn down. The economists expect the banks' prime lending rate to rise from the present 11¾% to 12½% or 13% in early summer, and then decline, perhaps sharply. Thus, the stock market should rise later this year. Wall Street rallies often begin during recessions...
...furnish them. Maurice Mann, vice chairman of A.G. Becker, a brokerage firm, has warned savings and loan officials to anticipate "massive demand" for mortgage lending in the 1980s "as a result of the postwar babies seeking shelter." Insurance executives are looking at the group as an ever expanding market for homeowners' and life policies. Bankers are catering to their desire for convenience by opening more and more centers that can manage all aspects of a customer's personal finances...
...successfully buy Reliance Electric Co., a Cleveland-based maker of electric motors that had sales of $966 million in 1978. The takeover, which appears to be a friendly one, would give the oil company the electrical expertise and production lines that it needs to rush the new device to market. The trustbusters may object, since the oil majors are under attack for spending profits on non-oil diversifications. But the Department of Energy quite possibly will conclude that the Reliance takeover would be a form of energy investment. Says a DOE official of the Exxon proposal: "A barrel...
...economy and erodes the dollar. But any attempt to do so must be based on a clear understanding of why those costs are so high in the first place, and that understanding is not easy to acquire. The economics of medicine are so unlike those of any other market that even many doctors and hospital administrators find them illogical. Says Dr. David Thompson, director...
...great optimism is justified either when it comes to cutting medical costs overall. Medicine cannot be made cheap, given the costs of its technology, and by its nature it cannot be anything but a seller's market. But U.S. health care bills do not have to shoot up as rapidly as they are doing now. The big question is whether doctors, hospital administrators, insurers and employers can devise ways to bring the public the benefits of technology at an affordable price, without a federal whip being held over them...