Word: squeezees
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The two authors present a convincing argument for a radical new view of pensions as not simply the deferred income of millions of hard working Americans, but a source of power and welath that could provide the solution to the capital squeeze facing the Graybelt. Pension assets, they point out...
At present rates of consumption, the Rand researcher says, there is enough oil around the world that is recoverable through conventional drilling to last for 60 to 90 years. If demand does increase and supplies are being used up more quickly, Rand experts believe that energy requirements could still be...
Yet the housing boom could hurt if the Federal Reserve tightens credit much further in its battle against inflation. Last week the discount rate hit 8% and bank prime-interest rates reached 9¾%-in both cases the highest levels in nearly four years. Worried that tight credit might cause...
The squeeze of 79: downsizing spreads to the big cars
Nonetheless, there are enough uncertainties to make any forecast subject to serious error. Democrat Arthur Okun, who was chairman of the Council of Economic Advisers under Lyndon Johnson, is concerned that the Federal Reserve may yet push interest rates high enough and squeeze hard enough on the U.S. money supply...