Word: uncertainity
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...result of President Nixon's wage-price freeze, 10% surtax on imports and suspension of the dollar's convertibility into gold, both the domestic economy and the world monetary system remain dominated by an uncertain blend of international politicking abroad and hopeful but guarded confidence at home. Some of the week's developments: THE ECONOMY. With the first rush of excitement subsiding, businessmen and consumers began looking for signs of the impact that Nixon's new program was having on the economy. The New York Stock Exchange's Dow Jones industrial average, which had soared...
...possibility to be avoided at all costs. Businessmen as well as labor leaders will undoubtedly be called on to compromise on matters of equity in their negotiations with Connally's council, which will become increasingly active in weeks ahead. The final shape of Phase 2 is still uncertain. Says Arnold Weber: "What most people don't understand is that Phase 1 and Phase 2 are connected. What's going to happen in Phase 2 will become feasible because of what has or has not happened in Phase...
...Bank of Japan said it would intervene to prevent too drastic a swing, at least for now. On the first day of the limited float, the yen was traded at an increase of 5% to 7% over the old rate, but just where it will settle is still uncertain. Japanese officials noted that the flotation was only a temporary measure, but U.S. importers were already predicting that the higher yen rate on top of the 10% surtax could effectively close the American market to Japanese steel and most consumer goods...
Just how long that move might halt the increasingly frequent runs on the dollar is uncertain. But it may be the only major reform possible in the immediate future. European nations are not anxious to lose export sales, as they would if they raised the value of their own currencies. In the U.S., the President cannot reasonably be expected to declare any kind of dollar devaluation until after the 1972 election...
Paltry Profits. The outlook for the aerospace industry as a whole is even more uncertain. Its biggest clients-the Defense Department, NASA and the airline industry-are all cutting back on expenditures for new equipment. Aftertax profits in the industry were a paltry 2% last year as compared to 4% for manufacturing companies as a whole, and Wall Street analysts say that the aerospace profit outlook for 1971 is just as bleak...