Word: stockely
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Dates: during 1970-1979
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...Less than a month after the Federal Reserve Board unfurled harsh new measures to whip inflation by holding down the money supply, chagrined Fed officials last week revealed that previously reported money figures had been overstated by $3 billion. Instead of surging in the past two weeks, the money stock had actually declined...
...preserve capital in a time of double-digit inflation and depressed stock prices? Frustrated savers and unhappy investors are turning to the same solution. In record amounts, Americans are buying into the relatively new money market mutual funds. They offer minimum risk and yields of 10% to 13%, double or more the low rates set by the Government on passbook savings accounts...
People transfer money into funds primarily by selling off stocks and withdrawing deposits from banks and savings and loan associations. This shift away from shares could further damage capital formation; companies ideally tend to raise long-term investment money in the stock and bond markets but go to the money market for short-term borrowings to cover operating expenses. The move out of savings is badly hurting the thrift institutions. They face a tremendous competitive disadvantage and a sharp outflow of funds because the Federal Reserve's Regulation Q prohibits them from paying more than 5½% on passbook...
...early train still didn't enable the pin-striped hordes to beat the protesters to the scene. Thousands of anti-nuclear demonstrators converged on New York's financial district last Monday, determined to "expose the links between nuclear power and the national economy" by shutting down operation of the stock exchange...
They failed tactically--the stock market opened as usual at 10 a.m., to the cheers of brokers, but many of the demonstration organizers called the day a success...