"Ifs" in the Economy

May 1956
New Republic;5/28/56, Vol. 134 Issue 22, p6
This article reports that as far as the auto industry is concerned, no upturn is expected in the immediate future, for the simple and adequate reasons that the cost of non-durable goods and services has gone up and the public has already accumulated a sizable installment debt. The railroads, if the latest figures for miscellaneous freight, which includes autos can be taken as an indication, are beginning to feel the effect, showing a slight decline from last year. To a certain extent, the decline in consumer-goods industries may be offset by increases in the producer-goods industries.


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