Word: offing
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Dates: during 1970-1970
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Then there is the question of the money supply. In his speech to the National Association of Manufacturers three weeks ago, the President said that Burns had given him a "commitment" that the Federal Reserve Board would "provide fully for the increasing monetary needs of an expanding economy." The following...
A Matter of Mood. Even if more money pours forth from Congress or the Federal Reserve, the big question is how much jittery consumers will spend. "The consumer is the key to 1971," says Harvard's Otto Eckstein, reflecting the overall view of TIME'S Board of Economists...
This year the American consumer has been saving at an unprecedented rate of 7.3% of his income, and banks have tried to attract more deposits by offering gifts like appliances, luggage and wigs for women. The average American family has a fat $7,610 put away in savings accounts. Usually...
In 1971, to a much greater degree than in most years, the state of the economy will be determined by the mood of the people. Compared with 1970, it should be a fairly good year for business. Whether it will be better than that will depend on what the President...