Certain familiar signs were noticeable again last week. Was the U.S. economy on the verge of another fit?
Over the steel industry hung the threat of a strike. Similar threats hung over the auto industry, the telephone system, the railroads. They were only twitchings, but not to be disregarded on that account. Another industrial convulsion such as shook the country in 1945-1946 would not only wreck the nation's prestige when prestige was so important in world politics, it might shake the whole rickety world right down to its boots.
The Pressure of Prices. The pressure which might provoke the fit was continuing...
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