Word: slowdown
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
High interest rates are the main cause of the slowdown in price rises for collectibles, but there are also several other special factors. Says Robert Woolley...
This year's most popular European spots are Scandinavia, West Germany, Austria and France, all countries that were virtually ruled out in recent years by the dollar's weak purchasing power. In addition to the dollar's new might, visitors are also benefiting from a 1981 slowdown in inflation in several European countries. By contrast, high inflation has eroded the allure of last year's tourist meccas, Portugal and Spain, where consumer prices continue to climb steeply...
Perhaps the most encouraging forecast by the board members is for a slowdown in inflation. They predict that it will end the year at around an 8.6% annual rate, vs. 13.2% for the last quarter of 1980. The small surplus in world petroleum markets is now keeping a tight grip on oil prices, and that will remove one of the key causes of recent inflation (see box). Homeownership costs, which account for about one-fourth of the consumer price index, are up from a year ago, but the increases are tapering off because sales are slow. Good crops and heavy...
...slowdown or halt in price increases has been caused by a minisurplus of petroleum, which has created a strong downward pressure on prices. One oil company after another is shaving the prices it will pay for crude. Exxon and Mobil, the two largest American producers, have instituted automatic cutbacks of about $2 per bbl. in the prices that they will pay to independent domestic suppliers...
...pessimists or Regan. They generally see the prime rate peaking at about 20%, perhaps a little higher, but then falling back to 15% or so by autumn. Other short-term rates will probably do the same. Walter Heller, President Kennedy's chief economic adviser, expects that an economic slowdown in the next month or two will pull down the cost of borrowing money. John E. Barnds, vice president, business and banking analysis at the National Bank of Detroit, feels the "general trend of short-term rates is downward." In New York, H. Erich Heinemann, a vice president of Morgan...