Word: yieldingness
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The major reason is that the climb in the prime has not yet discouraged ravenous loan demand from business. No reason why it should, either: strangely enough, borrowing at a 9½% prime is potentially profitable for some businessmen. Other interest rates have shot up even higher, including those that...
> Thomas J. Holt of New York City sells an advisory letter for $144 a year to "several thousand" subscribers; he also has a portfolio management service for "a few hundred" clients, who pay Holt up to 2% of the funds that they invest. He thinks that gold-in coins or...
In frantic competition for small deposits, banks and S and Ls are introducing higher-yielding varieties of $1,000, four-year CDs almost daily and touting them in blaring bold-headlined newspaper ads and breathless radio commercials. Last week these CDs generally paid 7½% annual interest, but many banks...
Being Stingy. The Federal Reserve touched off this wild scramble as part of its complex plan to calm the economy's inflationary exuberance. For some time, the Fed has been trying to dampen borrowing by being stingy in doling out reserves to banks, and early in the summer, Board...
At week's end, there was still no clear word from the terrorists about their aims, except a demand for the release of Kozo Okamoto, the only survivor of the three-man Japanese murder team that carried out last year's massacre at Lod. His two companions were...