Word: productive
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Dates: during 1960-1969
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...times. The anti-Keynesian arguments-notably that the system is bound to lead to Government control of the economy, that it can be inflationary, and that indefinite borrowing is impossible without a day of reckoning sooner or later-are still heard, but feebly. As long as the gross national product and the population expand, pro-Keynesians see no reason why Government borrowing should not continue to expand...
Though nobody really knows if credit has reached a peril point, there are some disturbing signals. Private debt lately has been increasing at a somewhat faster rate than the nation's gross national product, personal income or personal savings. The number of businessmen who fell into bankruptcy last year because they could not collect the debts owed to them by other businessmen was higher than in almost any other year since World War II. The percentage of personal income that went for installment payments, which held at 13% in the late 1950s, jumped...
Despite the continuing nervousness about its politics, Latin America is making impressive economic progress. According to a report by the U.N.'s Economic Commission for Latin America, the gross domestic product for the area's 19 nations (excluding Cuba) rose 5.5% to more than $90 billion in 1964, v. a 1.8% increase the year before. The big gains came from Mexico (up 10% chiefly on a construction boom), Venezuela (up 7.6% on record oil exports) and the nascent Central American Common Market, whose five members-Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua -averaged a 7% increase. Tugging...
...performance for the past few weeks, Wall Streeters have centered much of their speculation on those powerful but somewhat shadowy giants, the institutional investors. The institutions have become so wealthy that their assets now bulge above $600 billion, nearly as much as the U.S.'s gross national product; they currently account for close to one-third of the $60 billion-a-year trading on the New York Stock Exchange. Clearly their decisions to buy or sell have a powerful impact on which way the market goes. Lately these large investors have been holding back their money from the market...
Samsonite is also strong in another product line: folding furniture. It manufactures about 40% of the home bridge-table sets and folding institutional furniture in the U.S., also produces patio furniture. A line of steel and plastic patio furniture called "Sunrest," introduced last fall, has piled up enough orders to keep Samsonite production lines busy until October...