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Personal Finance Recession Ends Up To Consumers
The piece argues consumer caution may delay recovery even as unemployment climbs and the stock market falters. It cites Dr. George Katona and James J. O’Leary predicting a slow 1971 rebound, aided by higher incomes, savings gains, and lower debt, with recovery depending on 200 million shoppers.
MENTIONED IN THIS ARTICLE
George Katona
University of Michigan
Institute For
James J. O'Leary
United States Trust Company
New York