Word: slumping
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Dates: during 1960-1969
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Overheating Again. Nonetheless, the credit squeeze has reached such proportions that it is itself becoming a major economic problem. It has hit hard at the housing industry, now in its worst slump in several years, at the small businessman and at the average consumer, who is paying more for every item he buys on time. Interest rates on personal loans and auto payments are running as high as 12% a year, and even some big corporations are paying 10% for 10-year money. In many places it now costs home buyers $12 a month more than last year to float...
...pennant and won his second straight batting title with an average of .321. Last week the Twins were going nowhere. Trailing the Baltimore Orioles by 15 games, they were having trouble just staying in the first division. Oliva once again was leading the league. Bouncing out of a brief slump, he banged out two hits in three trips against the Kansas City Athletics, boosted his batting average to .320, and allowed: "I stay lucky, I got a chance to win the title again." If Oliva does, he will be the first American Leaguer to win three straight batting championships since...
...requires decisions on spending two or three years ahead of the actual outlays. "Tax and depreciation incentives created the boom in the first place," said Chairman Willard F. Rockwell of Pittsburgh's Rockwell-Standard Corp. "If they cut down the investment credit they'll be in a slump much faster than they expect...
...misread the strength of future demand, business inventories of furniture and appliances are now dwindling, owing to production cutbacks. Gains in new orders and indus trial production eased for the second straight month in June, reported the National Association of Purchasing Agents. "It's the same old summer slump," said Allegheny Ludlum Steel's E. F. Andrews, "but it's hitting a little earlier and sharper than usual...
...starts down from 1,500,000 last year to 1,300,000 this year. Some lenders have lifted minimum down payments from 10% to 25%, increased interest rates from 5¼% to 6½%, and will not do business with people who have moved in from outside the community. Slump ing even faster than the sales of new homes are sales of used homes; many lenders demand an extra ½% mortgage interest to finance them...