Word: squeezees
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As measured by pollsters, the missile gap's impact on public opinion has been faint so far-partly because of widespread public confidence that President Eisenhower knows plenty about defense, partly because the public tends to see national defense as part of the larger issue of "peace," which also...
One such probability was that the steel strike would be followed by a big rush of businessmen to rebuild inventories that would further squeeze credit, boost interest rates and perhaps nip the boom. But the Commerce Department announced last week that the inventory total in the fourth quarter remained about...
Housing Upsurge. Spending on business plant and equipment is moving ahead at a steady rate of about 15% increase a year, said the Commerce Department. With the credit squeeze loosened, more money was becoming available not only for business but for consumer uses.
Overdone Problem. Behind the mood is an uneasy fear of deflation, which has ironically replaced the recent fears of inflation. Part of the new fear is the result of President Eisenhower's predicted budget surplus of $4.2 billion for fiscal 1961 and the promise of further surpluses, which can...
The best argument against keeping the historic 4¼% interest ceiling is that it has not kept interest rates down. The best argument for removing the ceiling is that it will give the Treasury enough flexibility to lessen its reliance on the short-term market. By taking the pressure off...