High Rates May Slow Gold Drain
U S interest rates at or near Civil War highs bolster dollar stability and reduce capital outflow. Foreign investors increasingly place funds in American certificates and deposits, while some inflows may be backflow from U S branches abroad or hot money seeking top returns with low risk.
MENTIONED IN THIS ARTICLE
John Cunniff
AP Business News
NEW York (Ap
U.S
Treasury
Europe
United States
Sidney Homer
London
Security Big Thing For Youth
HAL BOYLE surveys a workplace shift toward early retirement as a growing trend in American offices. He notes workers from janitors to executives aim to retire soon, with youths already asking about old age benefits. The piece humorously contrasts long careers with shortened horizons and the countdowns colleagues share on the elevator.
MENTIONED IN THIS ARTICLE
Hal Boyle
New York
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