Across the nation last week the phrase to describe the economy at midyear was that it was pretty fair but had "no bounce." If sales were good, as they were in most industries, businessmen worried that they were not better. If they were poor, as they were in some industries, when would they improve? The economic experts who were in overoptimistic agreement last January that the economy would soar in 1960. were now guardedly optimistic about the next six months, but were no longer talking of the "soaring' sixties."
At a meeting of...
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