STATE OF BUSINESS: Reading the Signs

As busy as alchemists in their laboratories, U.S. economists last week gazed upon the bubbling statistics of U.S. business, tried to discern exactly what they meant. Before the Joint Congressional Economic Committee, four top economists forecast that business activity in 1960 will certainly meet—and perhaps exceed—the rosy predictions made in the President's Economic Report. George Cline Smith, chief economist of F. W. Dodge Corp., and Peter Henle, assistant research director of the A.F.L.-C.I.O., agreed that Ike's forecasts of a national output of $510 billion in 1960 is right on the line. Martin R. Gainsbrugh, chief economist of the National...

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