Word: pinching
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...market finally rallied, say bond men, because investors decided that the bond market has reached bottom and the credit pinch its peak. Many bond dealers believe that the tight-money policy, by forcing marginal borrowers out of the market, is now increasing the supply of available investment capital. Others think that the present rally is seasonal, but that credit will ease later in the year; thus nudging bond prices higher as other interest rates slip. In any case, to customers who had been waiting for the best time to buy brokers were saying...
...credit pinch grows tighter, U.S. bankers are working harder than ever before to build up a new pool of capital from the humble sav ings account. While U.S. consumers have been saving between 6% and 7% of their income after taxes in the past few years, the savings fell considerably short of the amount bankers estimate they need to replenish their lendable funds. In an all-out effort to pull in more savings, the bankers are revolutionizing U.S. banking methods. Gone is the old-fashioned banker of granite mien and glassy-eyed stare...
Died. A. E. (for Alfred Edgar) Coppard, 79, who gave up clerking at 41 to concentrate on writing, became known as the author of vivid, atmospheric short stories (The Higgler, Adam and Eve .and Pinch Me); of a stroke; in London. Novelist Ford Madox Ford's evaluation: "Almost the first English prose writer to get into English prose the peculiar quality of English lyric poetry...
...immediate reason for such a study is the rising chorus of complaints about FRB's tight-credit policy. The Administration itself is becoming increasingly worried over apparent inequities in the tight-money policy, fears that the credit pinch may hurt housing and small business too much without putting enough pressure on big business. Bankers, businessmen and economists alike think an inquiry is long overdue, not only into FRB's present policies but into the whole U.S. financial system, public and private. Members of the American Bankers Association and such experts as Allan Sproul, retired president of the Federal...
...best papers in the rest of Europe; German publishers still take greater pride in long-winded Page One editorials than accurate reporting. The news is stodgily written and frequently outdated, since even such big dailies as Hamburg's Die Welt and Munich's Süddeutsche Zeitung pinch pfennigs by making correspondents mail in copy...