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This newspaper page contains 2 articles. Subscribers can read the full text of each article.
Newspaper
New Oxford Item
Location
New Oxford, Pennsylvania, United States of America
Date
Dec 29, 1966
Page
15
The column foresees a 1967 deceleration in business activity with a high level of production early, then a cresting pattern as the year progresses. It predicts higher taxes, tight credit, inflation versus deflation, and continued defense spending shaping policy and markets.
The piece compares the economy to a human body needing rest and warns against over-optimism about a lasting boom. It predicts a good year for businessmen and investors in 1967 but urges caution until forthcoming uncertainties are resolved. It likens air intake to a metaphor for cautious progress.
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