Economic theory challenged by housing and stock trends
AP analyst John Caniff argues economic theory fails to reflect reality as stocks do not reliably hedge inflation in the short term and housing costs far exceed median incomes. He notes high mortgage barriers and unresolved land labor and material costs, with housing demand and prices outpacing incomes. Nine UNC Chapel Hill graduates listed with degrees and home addresses are included as a local nod.
MENTIONED IN THIS ARTICLE
John Caniff
New York
High Point
University of North Carolina At
James M. Hayworth
Dovershire Place
Hugh Thomas Holmes
Frank Holmes
Council St
Steven Carl Mann
Kenneth G. Mann
Spruce St
Paul Harry Sayvas
Harry P. Sayvas
Lake Ridge Road
Tony Millikan Harmon
B.S
Charlotte H. Earl
Hedgecock
Old Dominion Fright Line names three new vice presidents
Earl Congdon announced as division vice president at Old Dominion Freight Line with J L Davis of High Point and W T Ellis of Charlotte promoted from division managers. H W Teal becomes vice president of sales succeeding retiree H W Marshall.
MENTIONED IN THIS ARTICLE
Old Dominion Fright Line
Earl Congdon
J. L. Davis
High Point
W. T. Ellis
Charlotte
H. W. Teal
of Georgia
H. W. Marshall
Ellis
Bottoms-Fiske Truck Line
Davis
Old Dominion
N.C. State University
National Pilots Association
Mason and Shriner
Teal
Atlanta
Parade Of Homes In Guilford County Slated
The Home Builders Assn of Greensboro High Point will stage its 17th Parade of Homes during September 20 to 28. Eleven member builders will show 10 homes across Guilford County with hours 1 to 6 p.m. on Saturday September 20 and Sunday September 21 and 28. Other days are by appointment.
MENTIONED IN THIS ARTICLE
The
Home Builders Assn. of
Greensboro-High Point
Guilford County
Russians Lose Gold Gamble in World Markets
New York report analyzes how Russia’s bullion traders misread signals, pulling gold from a $160–$180 range. Weak U.S. civilian demand, Moscow grain cash purchases, and IMF selling 25 million ounces contributed to a large price drop and undermined Russia’s controlled gold strategy.
MENTIONED IN THIS ARTICLE
New York
United States
Russia
Europe
Moscow
US Treasury
U.S
Treasury Department
International Monetary Fund
Paris
Stocks Slip as Dow Ends Week Lower at 809.29
The Dow Jones industrial average finished Friday at 809.29, down 26.68 from last week while the Associated Press market average stood at 253.5, off 6.2. Fear of higher interest rates and New York City troubles weighed on traders, pulling indicators down.
MENTIONED IN THIS ARTICLE
Dow Jones
Associated Press
New York City
Also Mentioned on This Page
Unc-Ch
Ray Hubbard
AMS Meeting
Administrative Management Society
Holiday Inn
Norris P. Moses
AMS International
Darryl L. Wagoner
Wm. F. Freeman Associates
Wagoner
Misenheimer
North Carolina State University
Mecklenburg County
North Carolina
Suffolk Ave
Star Club
G. Reid Marsh
Gatewood Ave
Star Club of
New York Life Insurance Co
Marsh
Winston-Salem
Greensboro
Guilford Mills, Inc
Sara Mull
W. T. Rawleigh Company
Ms. Mull
Rawleigh
Federal Reserve Bank of Richmond
Fifth Federal Reserve District
Darryl Wagoner
North American Newspaper Alliance
National Association of Securities Dealers
Aerotroninc Va
Bankers Trust of
S.C
Wa Basset
Branch Corp
Brenner Finds
Burnup & Simson
Burris Inds
Capri Inc
Cannon Mills
Carmine Foogs
Carolina Cas.ins
Car
P&l
Carp. Steel Corp Caro, Wise
Flo
Va A
Caro Corp
Central Caro
Bank Central Vermont
Charter Bancshes Com
Chatham Mfg
C&s Corp
Ava
Coca-Cola Co Const
Cochrane Furniture
Colonial Life Clb
Comm. Bk
Caro
Conner Homes
A Context Wa
Daniel Internat
Diamondhead Corp
Durham Life Ins
Engraph Inc
A Fidelity Corp
FNB
Catawba
Farmers New World
First Union Corp
Forsyth Bank & Trust
Franklin Life Ins
Genl. Financial
Guardian Corp.ee
Harrelson Rubber Co
Heilig Meyers
Henredon Furn
Hickory Furn
Investment Life& Trust
J.3
Ivey
Justin Inds
Occidental Life Ins
Phillips Fescue
Piedmont Aviation
Piedmont Reit
N.C. We Quality Mills
RMIC
Rahail Comm. Sie
Reid-Provident Labs Se
Tm Netetondions
East Siem Coheet
Howard Stufts
Larry Forrester
William Bell
Ilderton-Dodge
Friendly Center
Mike Desmond
N.C
Mike
Moving & Storage
Mayflower
Granville
S. Hamilton St
Fred P. Newby
Steve Foster
Craig Newby
Westchester Mall
Corning Glesa Works
Rhms Amerikan
Bermuda
Charleston
Greece
City State
Zip
Amerikants
World Travel Agency
Carolina Motor Club
North Main St
N. C
Highland Leasing
Highland Motow
Olds Cadillac
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