State of Business: V for Velocity

In gauging the strength of a business recovery, economists are fond of using the letter V to describe the pattern made on the graphs by a fast and vigorous comeback, the letter U to describe a slow one. Last week, for the first time since the 1960-61 recession began to wane, there were some cautious bets on V. On Wall Street the switch was reflected in growing confidence that the stock market is in for a new and sustained advance.

If evidence of a V-shaped recovery increases, it will inevitably affect the decisions of U.S. businessmen in two areas that...

Want the full story?

Subscribe Now


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

Learn more about the benefits of being a TIME subscriber

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