Stock Market Break Signals in 1966 Slump Debate
Sylvia Porter asks if stock market declines predict a downturn. Experts cite leading indicators like manufacturing payrolls orders housing starts and profits, with stock drops mainly a minor warning unless corroborated by other signals. They note past peaks where stocks fell first but also false signals such as 1962 when stocks slumped yet business rose. The decline is viewed as healthy easing demand and may damp tax hike prospects.
MENTIONED IN THIS ARTICLE
Sylvia Porter
National Bureau of Economic Research
U. S
Wallace Calls School Officials in Alabama Meeting
Gov. George Wallace calls a June 6 meeting with city and county school authorities to discuss HEW desegregation guidelines. He urges boards to ignore the guidelines, arguing federal rules exceed the Civil Rights Act and Congress intent. Also noted is a plan to reveal surplus trust fund funds on June 7 and other state actions.
MENTIONED IN THIS ARTICLE
Montgomery
Ala
George Wallace
U.S. Department of Health, Education and Welfare
Wallace
Alabama
James Allen
Albert Brewer
Austin R. Madows
Thestate Educational Trust Fund
Forecast Treasury Surplus Seen by Congress Staff
The Joint House Senate Committee staff predicts fiscal 1967 may close with a Treasury surplus for the first time since 1960, with a balanced 1966 book by June 30. They foresee strong economy, rising prices, and rising tax revenues despite Wall Street doubts.
MENTIONED IN THIS ARTICLE
Congressional
Wall Street
Joint House Senate Committee On Internal Revenue
Joint Committee
Treasury
Staff forecast sees growth despite jitters and tax fears
The staff predicts continued expansion at current rates as incomes rise and more taxpayers enter higher brackets. They argue price and wage gains push dollar figures higher despite administration reluctance and stock market worries. The report dismisses stock market fears as unwarranted.
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Air Force
Garey M. Barnes
U.S
Edward H. Taylor
South Viet Nam
Tan Son Nhut
Sgt. Barnes
Reedie Powell
Vinemont 2
The
Hall Syndicate, Inc
By Sam Dawson
AP Business News
New York
Congress
Rocker
Natio
Natio, Inc
Huntsville
Decatur
Amo
Tennc
Valve
Atcie
Melmac
Diskay
Sele
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Second Ave
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