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Two Industries Face Reckoning As 1925 Prosperity Cools
The piece notes speculative excesses in building real estate securities and autos as key engines of 1925 wealth. It warns of unsound securities, overextended financing, and looming industry consolidation. Tax burdens rise with state costs. bond debt and high consumption threaten future stability. The text calls for sober forecasting and brakes on debt growth.
MENTIONED IN THIS ARTICLE
Automotive Industries
United States
Col. Leonard Ayres
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