What is the outlook for business? Last week, after a long silence from the prophets of recession, the air was once more stirred by predictions.
Said General Motors' Alfred P. Sloan Jr.: "I haven't any feeling at all that we are going to have a serious recession in this country. I don't see how that can be possible. . . . You can't have an industrial depression when the capital goods industries are busy." The only thing to worry about, he thought, was "a minor recession, perhaps, involving certain adjustments in prices and production where they are out of line."
General Electric's...
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