Those Wall Street Blues

Investors grow wary of supply-side theory and sell off stocks

The economy slumping, the stock market stumbling, interest rates roaring and inflation rocketing.

Such was the dismal rhythm of the economy last week during the worst week of economic news since Ronald Reagan took office. The Dow Jones index of industrial stocks dropped 28.35 points, including a 20-point free fall on Monday, to its lowest level in 13 months. New figures out of Washington showed that inflation in July had increased at an annual rate of 15.4%. And the Government's index of leading economic...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!