Show economic co c H highlights ligh lights nothing that could be called alarm Is disturbing the world however there la Is a great deal less unquestioning belief that the postwar boom Is going to continue for an all indefinite period to come A good many of the signs are pointing downward now there was 11 noticeable drop in employment during tile the last months of 1948 and jobs lire nowhere pear near is s easy emayo find as they once were is As 1 9 opened prices wore lower than at the beginning of the preceding year the first time lime that has happened tit in 10 henrs ono one automobile nl an I 1 I 1 nou lived a substantial CLIL ui in n pro production due to the duct that new cars were piling up in their dealers warehouses in ili a long list of lines consumer resistance la Is noticeable lind a buyers mar kot ket Js setting botting in in almost all lines more and more if consumer caution has been evident savings are down and installment purchasing has increased in enterprises terp rises which live on luxury spending entertainment vacation afon travel furs and jewelry etc elci tho the drop in ili business has been relatively heavy tills this poses it question which only time can call answer Is the decline front from the postwar peak simply a normal and lif inevitable evitable adjustment follo following ar an i of spending tor for goods which were completely unobtainable un 0 1 t a I 1 it a b I 1 e tor for years or Is it the start of it a serious business set bacic griat could run into 11 i depression most of the he economists still favor vortie alie first view dut but they have their fingers crossed one olle theo theory ry holds that a depression dory dery of the extreme type such ns its that of the Is no longer possible that the government Is now geared to immediately prime the pump and through spending wid various controls keep the machine ticking at a bodd rate until normal economic forces for the better could take but that Is over strictly 1 n theory and no one oile really knows tiow how it would work out in pinc tice few people are willing to bank on oil it for their economic salvation the change in the business picture small ns As it has been seema to be making itself felt lit in some congressional circles As an example a considerable list of lawmakers including many on the democratic side look with little favor on more taxes either on or corporations on the grounds that they might act as a detriment to production and plant expansion there is also it s trong strong sentiment against complete repeal of the taft hartley act and a return to the wagner act because of tile the danger that another wave of ces es and other labor management disputes might result this sentiment ln in seems to be shared to some som e extent by members of mr Trun Tr inns official family |