STATE OF BUSINESS: End in View?

Since almost everyone seems to have decided that the recession will not get any worse, the main topic of business conversation last week centered around when the recession would end. The answer depended somewhat on who was talking. New York's Guaranty Trust Co. took a banker's grey view: "Prospects for a definite end . . . remain highly uncertain, despite . . . comment that the bottom may be close at hand." Said the equally august Chase Manhattan Bank: "It is possible that we may see an end before long."

Those who kept their eyes on heavy durable goods, especially...

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