Word: rosee
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
CHINA HAD experienced virtually no inflation for decades, but in the first six months of this year prices rose 9 percent generally, while food prices soared 20 percent. Farmers, freed from communes by the reforms and allowed to sell their produce at market prices, are now selling record harvests and spending gains on new goods. The central government is running up a budget deficit to accomodate this consumption...
...savvy fund managers actually came out ahead. The Oppenheimer Ninety- Ten fund rose nearly 8% in the last two weeks of October, largely because it invested in put options, which appreciate when stock prices drop. When the market started to recover, many fund managers began to scoop up bargains. Neff's Windsor Fund, for example, bought $800 million worth of stocks. "When everyone is panicking and stock values are depressed, of such circumstances are opportunities born," he says. "We are buying aggressively, and we will continue...
History does not offer much encouragement on the benefits of devaluation. The British pound and Italian lira dropped during much of the 1970s, while the West German mark and other Continental currencies rose. Yet at the end of the decade West Germany was enjoying a massive trade surplus and manageable inflation. Britain and Italy, meanwhile, languished under trade deficits and double-digit inflation. Sir James Goldsmith, the British financier, witnessed the process firsthand. Warns he: "Like drugs, devaluation gives you a breather, a small kick. Then it becomes an inflationary merry-go-round to , hell." Only when Britain began pumping...
PHOTOGRAPHY: Michele Stephenson (Associate Editor); Mary Dunn (Special Projects); Richard L. Boeth, MaryAnne Golon, Rose Keyser, Julia Richer (Assistant Editors); Linda D. Vartoogian, Helen Eisenberg (Administration); Carmine Ercolano (Operations) Researchers: Dorothy Affa Ames, Martha Bardach, Anne Callahan, Stanley Kayne, Paula Hornak Kellner, Polly J. Matthews, Gary Roberts, Nancy Smith- Alam, Melanie Stephens, Robert B. Stevens, Mary Themo...
Director of Administration: Rose L. Epstein...