Word: slowdowns
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...warned in the delicate, secret negotiations that preceded it, would have impelled France, Belgium and The Netherlands to mark down their money in retaliation. Had that occurred, the resulting chain of devaluations might have ripped the world's monetary system apart, and perhaps even caused a prosperity-wrecking slowdown in world trade (as happened after 1931). Moreover, only with limited repercussions could Britain gain the necessary time to repair its own floundering economy and increase exports to bring its trade deficit into balance...
Britain's endemic deficits are usually largest in times of expansion, when Britons, fully employed and flush with cash, step up their purchases of goods from abroad. This time, however, Britain is in the trough of a government-imposed slowdown now 18 months old, a belt-tightening period of austerity imposed by Wilson's government after another sterling crisis...
...growing spirit of factionalism is a clear danger to the cohesion of the Atlantic community," said Peterson. "At the very best, its projection into the future implies a slowdown in the economic growth rate of the free world and a particular slowdown in continental Europe. At worst, it raises the specter of accelerating restrictions on capital flow and along with it those notorious handmaidens of capital control: tariff walls, trade wars and isolationist trade blocs. While these projected consequences have unpleasant economic results, the political reverberations could be awesome. We are marching steadily toward a dangerous confrontation between the rich...
Deliberate Slowdown...
...world that "Lucy in the Sky with Diamonds" was the title of a drawing his daughter brought home from school, around which he built a song about a little girl's fantasies. The song is simply an updated "Big Rock Candy Mountain" with a very neat accelerate-slowdown effect that gives the impression that you're traveling...