“The standard of living of the average American has to decline,” he said. “I don’t think you can escape that.” These were the words of Federal Reserve Chairman Paul Volcker as he testified before Congress in October 1979. Inflation was 13%. Volcker’s predecessors, Arthur Burns and William Miller, had failed to control prices. Stagflation gripped…
"January 2025" Archives
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The winner — that is, the loser — was delayed 40,360 times between December 2023 and November 2024.
This week’s properties are a six-bedroom in Scarsdale, N.Y., and a five-bedroom in Manchester, N.J.
This week’s properties are in Chelsea, NoMad and Brighton Beach.