Word: outflowing
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...Closing Gap. But the big reason for the gold outflow is that Europe's economy has recovered to the point where European countries have enough dollars to convert some of them into gold for their reserves. They are able to do this largely because of their high sales to the U.S. In March, U.S. imports reached an alltime high of $1,300,900,000, or 21% above a year earlier. Exports of $1,441,000 were 6% below last year at the same time. The once huge gap between exports and imports has narrowed so fast that...
...Warning on Costs. Last week there was no indication that any official action was being considered to stem the gold outflow. Treasury officials professed to be pleased at the growing signs that the U.S. policy of helping Europe to boost exports was running according to plan. Said Per Jacobsson, director of the International Monetary Fund: "I do not think the U.S. gold outflow represents any real threat to the dollar. With the U.S. possessing more than half of the world's gold it would be absurd to say that...
...GOLD OUTFLOW from U.S. in 1958 has topped $1.76 billion, more than any full-year drop in nation's history. Movement is caused by recent recession, slump in exports, investors' flight from dollar...
...week the President ordered Housing and Home Finance Administrator Albert Cole to speed up the spending and lending of about $650 million in funds already appropriated for public housing, urban renewal, public-works loans to local governments, etc. He also instructed Agriculture Secretary Ezra Taft Benson to "encourage" the outflow of Rural Electrification Administration loans...
Furthermore, said Wallenberg, "present rapid technical development has created new domestic investment opportunities on an increasing scale. This by itself tends to keep more money than usual at home in these industrial areas. At the same time, the normal outflow of capital to underdeveloped countries is discouraged by political uncertainties, threats of nationalization and transfer-of-earnings difficulties−conditions that are more characteristic of underdeveloped countries than of advanced...