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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 20, 1970
Page
7
Washington economists see 1971 as a year of inflation risk and modest real growth with a trillion dollar output, slower job gains, and a Nixon push for expansion. Forecasts call for easier credit, higher prices, and a housing boom while deficits and wage pressures add inflation momentum into 1972.
The House passes a broker insurance bill to backbrokerage failures while cautioning that insurance cannot replace careful bank and broker selection. The column argues true protection comes from evaluating financial strength and prudent planning, noting costs and moral hazard in government-backed schemes.
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