The Pressures: Politics & Prosperity
THE world's wealthiest nation is booming at such a solid rate that the very measure of wealthmoneyis harder to come by than in many months.
Bullish economic news generally tightens the money market, encouraging more borrowers to compete for the available supply. For the nation's bankers, home builders, corporations and consumers, the tightening means that they must pay more to get the money they need to make loans, build houses, expand industry, buy autos, appliances and TV sets. Money has been gradually tightening up since spring as the economy spurted to new highs; last week it got a...
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