Word: downwards
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...rates had been floating since 1960, they could now be a full point lower than the present 9.4% average on new mortgages. In addition, U.S. mortgage rates are expected to ease this year, and so the first experience of home buyers assuming floating mortgages could well be a shift downward...
...Further downward pressure on the metal's price seems likely this week, when the Treasury will sell 2 million oz. from its 276-million-oz. stockpile. Purpose: to meet U.S. demand with U.S. gold and thus prevent dollars from flowing out of the country to buy imported metal. Buyers had additional reason to be hesitant. Several leading banks announced that they would not sell gold because of the costs and risks to unsophisticated investors. The National Association of Securities Dealers told the members to exercise "great caution" in gold dealings, warning that no federal mechanism exists to protect investors...
Since the explosion in oil prices and the beginning of the downward drift of the industrial economies a year ago, there has been a proliferation of plans aimed at coming to grips with the energy crisis and the massive shift of wealth to the OPEC (Organization of the Petroleum Exporting Countries) nations' treasuries. Herewith a thumbnail guide by category to some of the major positions and proposals...
This movie begins with a sure sign oi trouble to follow: a montage of stills showing cute kids, each representing an ethnic minority, all of them pretty and smiling and irritatingly adorable. Having established this trough at the very outset, Writer-Director Melville Shavelson is free to proceed downward...
PRICES: The annual rate of inflation will finally drop out of the double-digit range in the first half of next year, then continue drifting downward to 7% or 6% by year's end. This assumes that crops are good and that producers of copper, bauxite, sugar, coffee and other raw materials do not emulate the oil exporters in successfully forming and maintaining price-raising cartels. By all normal standards, though, 1975 will still be an inflationary year; prices for the full year are likely to average 9% or so above those for all of 1974. Reason: they rose...