Downward Trend Does Not Mean Slump
Beceived Toesdav 7.30 p.m. NEW YOBK, .Tune 6. Mr .Tohn Rnyder said to-dav that most economic. signs pointed to sustained prosperitv in thp United Rtates. "T liave no reason in thp world to think we are in for any marked recession," he said. "There are too manv indications. of sustained prosperitv in the country. Emplovment is still high and the national incomp paid out is something close to 21 ,000,000, 000 dollars vearly. '' f think we are whistling in the dark tvhen we talk of any marked recession. Economists have been talking about the need for economic readjustment for years. Now that we are beginning to .gct a mild touch of it, evervbody gets excited. Many prices have been excesfive and downward adjustments are necessary and they are adjusting to very health y levels."
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Chronicle (Levin), 8 June 1949, Page 5
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140Downward Trend Does Not Mean Slump Chronicle (Levin), 8 June 1949, Page 5
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