Inflation and its impact on workers incomes, warns Roger Babson
Roger Babson, speaking from Babson Park Massachusetts, argues inflation is rising costs outpacing wages. He says the effect hits the elderly and savers hardest, noting purchasing power has fallen by two-fifths in two decades and forecasting continued misery for those aged over 65 into the 1970s and 1980s.
Winters Enterprise Item Headline From Page 2
Local page 2 item in Winters Texas edition dated Friday March 11 1966 reports a community update and brief notices from Winters city sources. The brief item mentions residents and local events with period newsroom tone.
MENTIONED IN THIS ARTICLE
Texas
Inflation Sparked in 1965 and Its Market Echoes
The 1965 period marked a breakout in wholesale prices after years of little change and a sharp rise in consumer costs led by meat and beef. The piece blames credit growth, wage pressures, deficits, and Vietnam spending, and urges tax increases and reduced affluence to avoid a deeper inflationary crisis. It also discusses stock market optimism versus mid year pessimism and the role of emotion in economic decisions.
MENTIONED IN THIS ARTICLE
Uncle Sam
Vietnam
London
Dow
Out of the blue market breaks spark investor emotion
The piece notes investors rush to buy stocks as inflation shields and greed drives gains after six months of prior selling. It predicts a sharp, unforeseen event this year that could again alter stockholder sentiment, while acknowledging profits or drops also influence prices.
Sudden market shifts warn calm investing advice
The piece cautions that emotional swings in the Dow can rise suddenly and urges investors to stay grounded. It favors maintaining steady holdings in high quality bonds and savings books kept in a safe deposit box, highlighting the role of prudent, long term assets over hype.
Also Mentioned on This Page
Che Winters
Enterprise
Hill & Thomas
Winters
Runnels
Roger Babson
Babson Park
Mass
Mary Chipperfield
Goodby
Suki
Mary
Winters State Bank
the Winters State Bank
Winters, Texas
Capital
Federal Deposit Insurance Corporation
Federal Reserve System
Omnes Service
Spill Bros. CO
Huffman
E. Dale
Clorox
Huffman’s Grocery
Stokely’s
Supreme Crackers
Gray
Wallace Sterling
Bahlman Jewelers