The Changing American Financial Situation
Publication:
The Empire Club of Canada Addresses (Toronto, Canada), 18 Oct 1984, p. 79-92


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The Changing American Financial Situation


Developments of the financial and economic kind in the United States. Predictions about the immediate economic future. A discussion and analysis of those predictions, with background, statistics, and factors affecting the development and outcome of those predictions. Topics covered include the economic environment; the demand for credit; household borrowing; corporate borrowing; interest rate structure; liquidity building; U.S. budget deficit; taxes; interest payments; the difficulty of forecasting economic conditions; problems with the persistence of a large budget deficit; foreign sources of funding; the strength of the dollar; economic expansion; rate of inflation.