Word: sluggishness
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Dates: during 1960-1969
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...economy remains overheated in many sectors but is becoming perceptibly cooler. Industrial production fell by a fraction of a point in August, the first drop in a year. Retail sales continue sluggish. Storms prevail in the housing market. Private housing starts declined for the seventh straight month, and the scarcity and high cost of mortgage money assure that rough weather will persist. Interest rates on U.S. Treasury notes reached 8%, the highest in 110 years...
...unsatisfactory war does not turn into a debacle. He must find ways to reduce sharply military spending in a time of rising costs at home, continuing challenges to U.S. power abroad, and changing definitions of America's role in the world. He must shake up a Pentagon grown sluggish and wasteful. And he must do it all under the aroused and hostile scrutiny of a Congress and public now convinced that for too long the generals and the admirals have got too much of what they wanted...
...years. As stock prices climbed and trading volume rose to unprecedented heights, brokerage commissions swelled to $5 billion a year, and six-figure in comes became commonplace among customers' men. Now the securities busi ness is mired in a painful recession. Caught between sharply rising costs and a sluggish volume of trading in the ner vous market, brokerage houses have closed scores of branch offices, laid off hundreds of workers and rushed into mergers to fight a flood...
Capital Change. Despite all this, however, there are other signals that show a downturn in the overall economy. Retail sales leveled off months ago, and auto sales have turned sluggish. New orders for durable goods declined 3% in June. For the first time in eleven months, manufacturers were filling old orders faster than new business was coming in. So far in 1969, the gross national product has risen at a real annual rate of only 2.4%, compared with the 6% increase of 1968's first half. The real growth of the nation's economy has moved down...
...cooling of inflationary pressures" - and many other experts agree with him. The nation's out put of goods and services is expanding; only half as fast as a year ago, and that growth may stop entirely during the summer. The volume of retail sales has been sluggish for a year, and un employment, still a low 3.5%, is up slightly from 3.3% earlier this year. Of the three principal forces in the economy, two have lost most of their lift. Government spending and consumer spending are relatively flat; only businessmen's extremely large capital in vestments are keeping...