Stage 2 had better succeed if a recession is to be avoided
STOCK MARKET SUFFERS RECORD ONE-WEEK LOSS. DOLLAR SCRAPES NEW LOWS. INTEREST RATES SOAR, PINCHING BORROWERS. Different combinations, but the same old dismal headlines; congressional passage of the long-awaited tax and energy bills changed them not at all last week. So what else is new? This week one highly significant element: President Carter goes on TV to start his most serious attempt yet to douse the raging U.S. inflation that is the basic cause of all the other economic damage.
In a speech...
To continue reading:
or
Log-In
