Word: cashing
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1980
Sort By: most recent first
(reverse)
...nation's financial and commodity markets are reacting to these grim developments with exaggerated tremors characteristic of a hyperinflationary period. For many months, investors have been putting their cash into hard, tangible assets, especially gold and silver. Speculators then jumped in, buying more with borrowed money and driving prices to levels beyond all reason. Markets gripped by such frenzy are always vulnerable, especially in a time of sky-high interest rates. Any drop in prices causes some speculators, unwilling to keep paying high interest on their loans, to sell out. The further drop caused by their selling leads...
...gold but also of copper, cotton and even cattle. Gold alone, which had reached a preposterous height of $850 per oz. in late January, dropped to a low of $463 last week. In the stock market, further rumors reported that Hunt and his associates were dumping stocks to raise cash in order to repay their silver loans, and that their maneuvers had threatened the major investment house of Bache Halsey Stuart Shields. That led to what one Wall Street veteran called "a classic case of panic." The Dow Jones industrial average fell 25 points within a few hours, then recouped...
...borrowing has fueled inflationary buying. The Fed immediately issued tough guidelines. Last week banks, department stores and other lenders began setting up rules to stay within the guidelines. Samples from Manhattan's Citibank, the second largest bank in the U.S.: no new Visa or Master Card credit cards; cash advances on existing cards to be limited to $300, vs. a previous maximum of $10,000; minimum monthly payment on bills charged on cards now outstanding raised to $15, from $5. All that will make it more difficult for consumers to borrow to meet bills that they can no longer...
...stock that is available for sale, and contracts to buy yet more. Other speculators who have contracted to sell the commodity to him but do not have any to deliver must either buy anything they can find at whatever outrageous prices may be asked or else settle in cash with the cornering speculator on any terms he may specify. Corners have often been attempted but seldom work, partly because the soaring price creates new supplies. The most famous corner was the one that Jay Gould and Jim Fisk achieved in the New York gold market in 1869 by bribing President...
...DIEGO PADRES--At least they're new. Aurelio Rodriguez, Dave Cash, Rick Wise and John Curtis have come, and fifth place should go. Poor Dave Winfield. Last...