Business & Finance: New Normal?

_ In brokers' offices last week, there were signs that the public, after long apathy, was beginning to get interested in buying stocks again. The volume of trading perked up, and stocks rose for the fifth week in a row. The Dow-Jones industrial averages hit 175.60, the highest mark in two months and 14 points above the bottom of the June tumble.

People seemed to have decided that the U.S. economy was in for another shot of inflation, with the Administration committed to a program of deficit financing. Some Wall Street professionals, on the other hand, were betting against it. In July,...

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