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Official Market Forcast
Sales and income figures show an easing up of the
rate at which business is easing off. This can be taken as ample
proof of the government's contention that there's a slowing-up of
the slow-down. Now to clarify that, it should be noted that the
slowing-up of the slow-down is not as good as an upturn in the down-turn.
Also, it suggests that the climate's about right for an adjustment
of the readjustment to rate structures.
Now, turning specifically to rates. We find
a very definite decrease in the rate of increase. This clearly shows
there should be a letting up of the letdown.
Of course, if the slow-down should speed up,
the decrease in the rate of increase of rates would turn into an
increase in the rate of decrease.
And finally, the inflation of the resultant recession
would turn the recession into a depression while deflation in the
rate of inflation would give the impression of a recession of the
depression.
This report is covered by copywrong.
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