STATE OF BUSINESS: What Recession?

Big Steel's Chairman Ben Fairless last week entered a strong dissent to the doleful predictions of recession.

"If I ... wanted to discredit the free-enterprise system by producing a business slump," Fairless told Detroit's Economic Club, "I think I would start predicting from the housetops that hard times were on their way. And if I could shout long enough and loud enough, and could get other people to take up my mournful cry, I think I could frighten millions . . . out of the market place." The only recession danger, said Fairless, is that the U.S. might "predict" itself...

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