Those Bad News Bears

Two key Wall Street sages raise concern over the supply-side program

Wall Street had more topsy-turvy times last week. On Monday the major banks raised the benchmark prune interest rate they charge many business clients a half point to 19.5%. Immediately the Dow Jones industrial stock average fell 13 points to 963, continuing its drop of 61 points in less than a month. But later in the week the Dow rallied 23 points to close at 986. Bond prices, which had plunged some 7.5% since the end of March, also slumped on Monday but came...

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