For more than 14 bumpy months, the U.S. economy has been headed in one dismal direction: down. Now, slight to moderate improvements in several indicators lead many economists and businessmen to say that while the economy is still skidding, it is declining at a slower rate. The belief is widespread, though not unanimous, that it will probably hit bottom in three or four months. Summed up Donald C. Miller, executive vice president of Continental Illinois Bank: "Over the past ten days or so, we seem to be picking up better feelings, some end to the steady drumbeat of bad...
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