Word: steepest
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Dates: during 1980-1989
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...last time prices fell so sharply Dwight Eisenhower was in the White House and From Here to Eternity was playing in local movie theaters. The Department of Labor reported last week that the Consumer Price Index fell by 0.4% in February, its steepest decline in more than 32 years. Main reason: a 6.8% drop in energy costs because of plummeting oil prices. Food costs also tumbled, largely as a result of overproduction by U.S. farmers. The average price of fruits and vegetables fell...
...chief cause of the current crisis is what Tucker calls "some of the steepest drops in land values ever." In just the past year, farm real estate values plummeted $100 billion partly because large food surpluses and depressed crop prices have made agriculture less attractive. Lower land prices have been devastating to the FCS because most of its loans are real estate mortgages, in which collateral is now greatly eroded...
...thrift depositor in Pittsburg, Calif. "I'm wondering what's happening to our whole financial structure." The concern showed up dramatically in Pollster Albert Sindlinger's weekly survey of consumer sentiment. The percentage of people voicing confidence in the economy fell in one week from 50.4% to 42%, the steepest drop in the poll's 30-year history. "I wouldn't say consumers are panicked," said Sindlinger, "but they are shocked. They expect many more banking problems...
...optimism in the financial markets was tempered by worries about the fate of the dollar, which last week gyrated wildly. At first, it took off on its swiftest, steepest climb since 1978. By Tuesday afternoon it had risen 2% against the West German mark and the French franc and more than 3% vs. the British pound, which sank to an all-time...
...announcement, the British pound fell to a record low of $1.19. Shaken by the skidding currency and a possible worsening of the country's coal miners' strike, traders on the London Stock Exchange sent the Financial Times industrial share index to its steepest one-day loss in history...