Word: outflow
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...steel imports following the end of the strike, 2) a slowdown in foreign auto imports, and 3) a pickup in exports of autos, trucks, machinery, aluminum, raw cotton and other commodities. The growing success of the campaign to export more was reflected by a big drop in the outflow of gold from the U.S. in the first quarter. In the first quarter last year, the U.S. lost $92 million in gold. Last week the Treasury reported that in the first quarter the outflow of gold was only $48 million...
...private investment, which has so far provided $25 billion to Latin America, remains the best supply, but it is shy; Betancourt is paying off Pérez Jiménez' bad debts to prove good faith to private investors, nonetheless faces a painful outflow of private capital. But half a dozen new ideas for providing Latin America with capital are afloat in the hemisphere...
...chancelleries around the world, U.S. diplomats were explaining to foreign governments last week that the U.S. is in the midst of a major change in foreign policy. The outflow of dollars from the U.S. would exceed the inflow by some $4 billion this year; the end of the Marshall Plan period of unrestricted overseas spending had come. No, the U.S. did not intend to cut out foreign aid where it was needed, nor to retreat into "Buy American" protectionism, nor to cut dangerously its overseas military forces. But it might have to do all these things if such industrially strong...
...running into the red in its international transactions, with the result that U.S. gold reserves are shrinking as gold flows overseas to balance the nation's accounts. If the gold outflow continues for even a few years, it could endanger the value of the dollar, with shaking results for the entire world...
...world are interdependent. By fighting for sound money at home, he can encourage freer world trade by keeping the world's reserve currency, the U.S. dollar, dependably stable. By persuading Western Europe to assume a fair share of the foreign-aid burden, he can help to slow the outflow of U.S. gold reserves and thus help to keep the dollar sound...