The Deficit and the Dollar
Article Abstract:
C. Fred Bergsten is an economist who worked in the Treasury Department during the Carter administration. In an interview he links the United States trade deficit with the federal deficit. The strength of the dollar has reduced our ability to compete with other manufacturing countries, and thus contributed to unemployment in the United States. The world economy is expected to improve during 1984 through 1987. In that context the foreign debt held by the less developed countries (LDC's) should show enough improvement to avoid a crisis under the present situation. The value of the dollar must ease slowly and the federal deficit must be reduced if the United States is ever to lower interest rates and stable economic growth.
Publication Name: Barron's
Subject: Business, general
ISSN: 1077-8039
Year: 1984
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Adjustable-Rate Mayhem?
Article Abstract:
When interest rates soared in 1981, home buyers in Canada were faced with disaster. By using adjustable rate mortgages (ARMs) when Canadians needed to renegoiate their loans they were faced with twenty-two percent interest. ARMs present risk to both the lender and the borrower. The Canadian experience has shown that people can adjust to the higher rates, but not without some pain. Canada was able to survive the record high interest rates and ARMs with minimal government interference. Deregulation has put mortgage-market regulators in a home-off mode. However, untamed mortgage markets could produce financial problems for both lenders and borrowers. A truly successful ARM program must serve both.
Publication Name: Barron's
Subject: Business, general
ISSN: 1077-8039
Year: 1984
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Bear with Us
Article Abstract:
Three of the stock market's most bullish investment advisors at the end of 1983 are caught in the recent bear market. Martin Zweig, Richard Russell and Ray DeVoe explain their mistakes. Only DeVoe is sticking to his original predictions and is still in the market. There was no consensus about the bottom of the market having been reached. There is general agreement that the latest decline of stock prices is a normal correction in a bull market.
Publication Name: Barron's
Subject: Business, general
ISSN: 1077-8039
Year: 1984
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