Doubts and Stimulants
Last week, after a few months of recovery, U. S. business had regained 55% of its Depression II losses. And for the first time since recovery began there appeared visible doubt as to its continuance. Most visible sign was the stockmarket's third successive week of reaction. Although no slump appeared in production indices— power, building, autos continued up— there was distress in two prime measures of public demand for goods; a rise was seasonally normal and money supply was at a peak, but nationwide bank debits and bank...
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