OCR Text |
Show THURSDAY, PAGE 4 And A Happy 1975 To You! BY IWl'L HAKYEY Most of 1974 is in and added up; r Bulova The inexact science of economics is only semireliable. There is no consensus among economists, who cannot even agree on a definition of recession. If they could, they would have to allow for the fact that there is right now a recession in Detroit and a business boom in Wichita. , Accuquartz the accuracy is 1975? KOI! T1IK sake of this yearend audit and a prognosis of 1975 business prospects, we will rely on men most likely to see the future whence it comes: the economic historians. awesome Accuracy is controlled by hgh prpcSor. qjarlz Crystal vorating d 12 7tfl cycles rer second are the what prospects for At the r (ab tested cry&3i Astcres tiavn ga a ;r lost more nsn &ec jrds a month $ r.o more a voar Lot than a us show you all v e hand some stylos of u .s most remjiajo'n wach rrom S?00toSl?U0 Bulova quartz overbuilt." There had to come a topping out, a time for catching our breath, a period of consolidation." Idealistically and politically, one might hope that each segment of our economy could continue to expand endefinitely, but realistically we know better. Mortgage interest rates on new homes declined in October to 9.17 per cent. That is the first decline in 17 to eight per cent and the construction of new houses 5 and no upturn by other industry, not even automobiles, has such widen effect spread on related industries. Prosg perity in the business has and can keep our entire economy humming. So, by the charts, unemployment in the United States now six per cent could go to seven per cent by spring. Then, by the summer of 75, our economy should upturn. And if you want to bet on it, the stock market generally anticipates future trends by about six months. chain-reactio- CONSENSUS of who conferred this month in Chicago was that the prime rate will go down $149.95 During 1953-5- 4, our nation's gross national product our total production of everything, goods and services declined 3.9 per cent. WORKMANSHIP CALL BONDED INSULATION DO A WE blows BETTER CARE JOB VALUE MJ0VJ Memory. $79.95 Add-o- n, VALUE '--Ph. 753-11- 83 $69.95 VALUE Mow s39 Sale Prices Good through All BECAUSE 75 DEC. 24 Calculators Fully Guaranteed So. Main - Logan 753-572- 7 cars-on-han- d. Similarly, in the housing business we were just plain only Regular $19.95 value $(o)$5 y with purchase of Poulan saw Time Rental LOGAN, MODERN BUILDER UTAH 955 South Main, Smithfield, Uf. Manufacturer! Suggested Lilt Price 017 NORTHERN 0Qi tQi justt. 752-511- 0 Business Calculator with Discount & Accumulating Memory the demand. Henry Ford proclaims a depression," with car salt's trailing a year ago by 34 per cent. He demands we do something about it. WE AKK doing precisely what needs to be done about it. Detroit is making fewer cars until demand catches up with all those unsold 71 No. Main LOGAN, UTAH , -- 2S33 North Maia, Mow s435 eventually oversatisfying JEWELERS it at $JQQ95 consolpresent ecomonic idation." I prefer that word because no practical person can expect Detroit to continue making 11, 12, 13 million new cars every year without ifcOMAS H CALCULATOR SALE basis for computing the depth and duration of the solid TTffTl ijflh by Spray Hi Laws. 0, 14K - INSULATION, DI KING 19G9-7the GNP backslid only 1.5 per cent. If these fractions are tedious, they are our best (old. $425. is Saa about SI80 Electronic Slide Rule with a INSULATION AND WE iawlitisai M NOW! Scientist, Engineer, and Mathematician. FOR QUALITY 752-271- 2 caasana Help SI90 - Professional Calculator for the SL8M - All 0, INSULATION "When a private company is struck, its former customers have the option of going to a competitor for their needs. When public employees strike it is not possible for the taxpayers to obtain the same services elsewhere." ummit There have been five recessions since World War II. The longest and steepest of them, 1953-5lasted 13 months. The last recession, 1999-7lasted 12 months. Our nations worst unemployment during any of these postwar recessions was in 1948-4when it went to 7.9 per cent. He explains: LOSAH BOOK EXCHAH6E home-buildin- recession in home building has touched bottom. THE Cleveland. ursv.'i.v mid-197- months, suggesting the bankers situations, of government workers can force citizens to become hostages" by withholding essential public services, says Charles H. Smith, Jr., chairman of the board of the Chamber of Commerce of the United States and of SIFCO Industries, Inc., of 563-623- 4 12, 1974 ccengae Citizens Could Become Hostages In strike unions PAUL HARVEY NEWS DEC. S) S 3 bbbs BHII vs BtHfHQ gg, |