Word: outflows
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...gold outflow may even be farther away than that, because the 1962 payments deficit is worse than it looks. The "income" side of the ledger was artificially fattened when France. Italy and Sweden agreed to pay off ahead of schedule some $664 million in postwar U.S. loans. And "outgo" was probably reduced by several hundred million dollars because some European and Canadian banks refrained in 1962 from their usual year-end "window dressing"-the practice of bolstering cash balances for the annual report by temporarily pulling back money on deposit...
...world market. A price rise in steel. Kennedy told the nation on TV. would set off another U.S. "inflationary spiral'' that "would make it more difficult to withstand competition from foreign imports, and thus far more difficult to improve our balance-of-payments position and stem the outflow of gold...
Widener Library is also experiencing a greater inflow of students and outflow of books than in previous years. Reporting a ten per cent increase in circulation over last year, John A. Harrison, circulation librarian, is asking for additional help at the check-out desk...
...Presumably, U.S. businessmen investing abroad will also in time bring home more money than they spend abroad. Yet the Administration frequently expresses concern over the tripling of U.S. investment abroad since 1950, and tends to regard capital investment overseas as just another naughty contribution to the U.S. gold outflow...
Curiously enough, it did not seem to occur to the Europeans that trade expansion could also be financed by an outflow of the $15 billion in gold and foreign currency that Common Market nations have piled up in a decade of U.S. deficits...