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Foreign Borrowing Dilemma Faces U S in 1962
Sylvia Porter outlines a growing U S balance of payments crisis driven by record foreign borrowings. Short term claims total $23 billion while the gold reserve dips below $16.5 billion, forcing warnings to governments and lenders about rising overseas debt and the need for new capital markets.
MENTIONED IN THIS ARTICLE
Sylvia Porter
New York
Lion
iWorld Bank
Oslo
Kimoney
Zealand
Bam “Markets
Mus
U.S
London