Word: overexpand
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Dates: during 1950-1959
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...consumer credit curbs might have to be imposed, warned Fed Vice Chairman C. Canby Balderston in Manhattan, if auto and mortgage credit are "radically" loosened. Balderston placed part of the blame for the recession on the $5.5 billion credit expansion in 1955, which, he said, caused companies to overexpand. He said that the danger of another credit burst "might create a widespread public demand for consumer credit controls as an alternative to enhanced cyclical fluctuations or to an increased degree of general credit restraint...
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