The many aches that the U.S. economy has suffered for more than a year have been less notable for their severity than for their variety. The nation has had a bad case of pernicious inflation, sagging production, swelling unemployment and choking interest rates. Fortunately, relief now seems to be on the way. Except for unemployment—currently 5.1% and widely expected to go at least a bit higher in coming months—the major pains are easing. A production recovery seems to be under way, although it may be retarded by the strike at General Motors. And last week brought news of significant declines in...
To continue reading:
or
Log-In
