PREVIEW OF 1973: The Delights and Dangers of a Boom

BOOM is a word that forecasters hesitate to use because it suggests—besides the delights of prosperity—a period of heated excess that sometimes leads to bust. But as they contemplate the prospects for the U.S. economy in 1973, the prophets are hard put to find any descriptive other than boom for what they foresee. The outlook is for a second straight year of strong growth in jobs, income, production, sales, profits—so much so that one of the prognosticators' problems is keeping their predictions optimistic enough. Lately they have had to add a few...

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