Word: tradings
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...were elected president, Du Pont said hiseconomic priorities would be to maintain lowinflation, second to lower taxes and finally toreduce budget deficits. "I wouldn't trade $23billion off the budget deficit for 10 percentunemployment," he said...
...economic trouble, complex and long in the making, resists rhetoric and simple -- or even difficult -- solutions. The air last week was thick with contradictions, with speculative shadows and smoke. Were the nation's huge trade and budget deficits really the problem? The point was expertly argued both ways. Would raising taxes now help the economy or send the economy into a recession? Reagan was expected to lower the budget deficit, soothe the markets, bring down interest rates and keep the dollar steady. At the same time, he must be careful not to discourage consumer spending and capital investment. Reagan, believer...
...market's sturdiness was particularly impressive in the face of a sliding U.S. dollar, which fell 2% to 3% last week against major trading currencies. At one point the dollar traded in New York at 137.20 yen, a 40-year low, and 1.721 West German marks, the lowest in seven years. The drop apparently represented a Reagan Administration plan to abandon its policy of holding the currency steady in favor of allowing it to enter a managed decline. Many economists believe the dollar must fall 10% or more to help ease the U.S. trade deficit by making American goods more...
...inflation-ridden 1970s, and it applies with equal force to the dilemmas facing Government policymakers in the wake of the stock market's Crash of '87. A babble of conflicting voices warns of peril in almost any course the economic managers might take to reduce the budget and trade deficits and force the country to live within its means. And those warnings cannot be lightly dismissed. There are in fact risks, magnified by years of drift, in any conceivable action on taxes, spending, interest rates, money supply and the U.S. dollar...
...ranging from the very conservative Martin Feldstein to the very liberal John Kenneth Galbraith wrangled about the size and composition of deficit cuts but not at all about their necessity. In this view, the U.S. has about come to the end of its ability to cover giant budget and trade deficits by borrowing from foreign investors. The stock-market crash served as a warning of what would happen if the foreign capital is ever withdrawn; thus the nation must reduce its dependence on overseas borrowing for the long-term health of the economy, at whatever cost in immediate pain. Says...