INVESTMENT: Selling Gloom

The U.S. economy's growth is slowing, the dollar is beleaguered, the stock market is shaky, and inflation ravages the land. Even President Nixon concedes that "confidence in our management of our fiscal affairs is low." But bad times are boom times for a special breed of economic forecaster who makes a living by predicting dire troubles and suggesting ways to avoid them.

These pessimists sell their advice through counseling services, newsletters and books. Like anyone else in the habit of making a great many predictions, sooner or later they are able to say, as they do now: "I told you...

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