THE ECONOMY: After the Truce

According to Marxian dialectic, capitalists foment wars to boost their profits. According to an old Wall Street saw: 'Peace is bullish." Last week the hardbitten traders on the New York Stock Exchange proved the old saying right and Marx wrong. In the first few days after the Korean truce, the Dow-Jones industrial average advanced six points to 275, the highest level in two months, and ended July with the first monthly gain since last December. At the beginning of this week, the average continued the rise.

Ever since the first truce meeting two...

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