The Economy: Picking Up Speed

Having slowed down to round a curve that could have led to recession, the U.S. economy now is on the straightaway and picking up speed. Last week the stock market, which reacts today to what investors expect of tomorrow, climbed to an eleven-month peak.

After flirting with the psychological 900-point barrier for nearly two weeks, the Dow-Jones industrial average leaped across it by bounding 5.18 points in one day to 901.95. By week's end, the index forged ahead to 905.96, for a week's gain of 8.91. That was its highest closing since...

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