After taking a long look at the U.S. economy, Commerce Secretary Sinclair Weeks last week predicted: "We have a good chance of putting up the best year on record," better even than the record year of 1953. Basis for his prediction was the first-quarter record. Said Weeks: "It is clear from preliminary indications that the gross national product in the first quarter . . . was larger than any previous first quarter in our history."
The pace is continuing. While the first quarter's gross national product topped the old record for the period (1953's $362 billion), the increasing tide of...
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