When the government tried to stop the inflammatory growth of stocks and real
estate by raising interest rates, it caused a severe plunge in the Nikkei index.
Not exact matches
In the late 1970s he coped with the U.S. balance - of - payments deficit (stemming mainly from overseas military spending) and consequent the inflationary pressures
by raising interest rates to 20 %, thereby plunging stock market and real
estate prices.
Soon the Fed will be forced to continue to
raise interest rates in an attempt to save the dollar and stop inflation from exploding; The first causality will be to exacerbate the crash of the Real
Estate market; then comes the imploding of the stock and bond markets, followed closely
by the credit markets as the take - over and privatizing craze comes to an abrupt end.