Word: stocked
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Dates: during 1960-1969
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...situation created by this policy, Charles de Gaulle keeps taking potshots at the U.S. position. Uncounted hoards of U.S. dollars flow from banks in Viet Nam to the Banque de France, which promptly turns them in for U.S. gold. Since Jan. 1, the U.S.'s gold stock has dropped by $100 million to a 28-year low of $13.7 billion, while France's bullion supply has increased by about $150 million. As long as the U.S.'s deficits continue, all hopes for a sensible international monetary reform to take some pressure off the dollar are dead-which...
...JOHN L. COOPER, president of Massachusetts Investors Growth Stock Fund:* "The earnings of the major companies will be higher in general in 1966, on the order of 10%. On that basis, it would seem logical for the stock market to recover somewhat. But we have had a change of psychology hard to predict about, and this is complicated by the fact that there are unpredictable world events-such as the trend in Viet Nam-that will affect the market...
Analyzing a decline of 5% since January in values on the Brussels Stock Exchange, Executive Henri Carpentier gives the traditional explanation. "When New York is booming, we're stable. When New York is stable, we're doing bad. And when New York is doing bad, we're doing very bad. Therefore, we're doing very bad right...
...period 1960-62; they have been slipping steadily ever since. Among the reasons: the tight-money policies of most West European governments; labor shortages, which restrict growth possibilities; the lack in Europe of big institutional investors; and corporate secrecy protected by law. All these add up to low stock yields and considerable public skepticism about stock markets in general...
Since January, the rate of stock slippage has stepped up. Thus, Zurich values are down 6½% this year. Amsterdam is down 8½%, the German Herstatt index is off 12½% and Paris Bourse prices are down 2½%. There is one bright spot on the European market scene: after a very bad 1965, stoic British investors, convinced that inflation is here to stay and that stocks are the best protection, have upped the 'London Exchange 5.5% this year. And some groups of stocks, including gas, because of recent North Sea discoveries, and aircraft, because of improved profits...