Word: consumerization
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By 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...
Going Up. Consumer credit reached a record of $14,149,000,000 in June, the Federal Reserve Board reported. Two-thirds of the rise was due to installment buying; the rest was charge accounts.
"C.D.," who is managing director of TIME-LIFE International (our 'round-the-world publishing and newsgathering operation), made the trip to present to British businessmen and government officials our recent survey The Market for United Kingdom Consumer Goods in the United States (A Letter from the Publisher, May 31...
Jackson's associates in TIME-LIFE International are hoping that his experience with a Corgi motorbike, given him by its manufacturer, will not be too typical of forthcoming British-American trade relationships. Jackson took the 65-pound bike (a civilian model of that used by paratroops during the war...
Steady Beat. The American Bankers Association felt the nation's credit pulse, found the beat normal. Although total consumer credit stood at a record $14,000,000,000, "it is far below the prewar peak in terms of national income," said the bankers. Best news: installment credit on automobiles...