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Economy Fatigue Fears Spur Wall Street Doubts
AP Business Analyst John Cunniff surveys midyear U S economic fatigue with rising unemployment, sluggish sales, and inflation. He notes Penn Central bankruptcy, liquidity fears at Chrysler and Lockheed, and aerospace cutbacks as signs of systemic strain, while Washington vows an upturn and policy measures.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
United States
Washington
Penn Central Railroad
Chrysler Corp
Chrysler
Lockheed Aircraft
McDonnell Douglas
North American Rockwell
Wall Street
Federal Reserve
United
Nixon
America
Tration