Word: marketably
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...have considered four great shortages that were largely instrumental in bringing about the present revival of business. In discussing how long that revival is likely to continue we must consider the probable trends of four kinds of prices. First came the prices of securities, the market quotations for bonds and stocks...
...Stocks have been rising for more than a year in one of the steadiest and most sustained bull markets of which we have any record. It has been the experience of the past that such a market does not terminate until prosperity is general. If present conditions continue, that time will come not many months in the future. A personal guess would be that the turning point of the present rising market for stocks might be expected to come some time after January and some time before July, depending on the rapidity of expansion in industrial production...
...fall during the rest of 1922. If industry continues to expand during the early months of 1923, interest rates will probably advance. If they do advance in any marked degree in the early months of next year, that upward movement will probably foretell the turning point in the stock market. My personal opinion is that money rates will advance next year...
...called attention to the fact that while the twelve Federal Reserve Banks are independently controlled and operated, each intended to serve the interests of its district, no financial transaction of any moment in one market is without its reaction in other markets, and that the credit policy of the Federal Reserve System should therefore be considered with recognition of the fact that the administrators of the System have a national responsibility...
...admitted, however, that a banking system which has demonstrated its capacity to add nearly three and a half billion dollars to the volume of credit, which supplies half of the currency in circulation, and engages in investments and open market operations, exercises a sufficient influence to make its operations a matter of public interest and concern. For these reasons, he said, it is important that the administrators of the System should have a clear conception of the goal at which they are aiming, and that the public should know what that goal is. He said that repeated discussions...