Word: tightenings
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Dates: during 1940-1949
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...into a new decline, certain that the new curb would edge interest rates upward and increase the cost of doing business. In two days, the Dow-Jones industrial average fell 2.29 points to 180.61 in the heaviest selling in weeks. But bankers doubted whether FRB's action would tighten credit much. There was too much money in circulation and too many big non-bank lenders, e.g., insurance companies, ready to fork out cash. New York's National City Bank Monthly Letter said that a practical banker might well ask: "Why crack down on us so that our competitors...
...this week it was clear that the only "anti-inflation" bills with any chance of passage were those to control consumer credit and to tighten up bank loans. Congress might also approve the $65 million building loan for U.N., and remove the discriminatory provisions from the D.P. bill. The rest of the President's program had no more chance than a snowball in summer Washington...
...real test of how devaluation will serve Mexico is whether the government is now able to take the next difficult steps that are required, i.e., balance its budget, tighten credit, soak up idle money by higher taxes. If the government can do this, a new and sounder peso-at perhaps six or seven to the dollar-may be established. If so, Mexico may be one of the first Latin American nations to wring the water out of its economy and get down to sound living...
...first, Mel was carrying his arms too low. But the coach cautioned him against raising them too high; that would tighten up the shoulders and cut down his relaxing. Quick to catch on, Mel became a "floater" in two semesters. In his second year he sliced his time down to 9.9 seconds. The-next year it was 9.8. He didn't lose a race in high school...
High Ceiling. Real estate mortgages hit a record high of $33 billion, so the Federal Reserve Board thought it was time to tighten credit. It warned that an increase in mortgages would tend to raise house prices (already up 13% over last year) without bringing new building, which is limited by material shortages...