| Show AU STATEMENT I 1 sp cuil to iiii EXPRESS roger W araboo BABSON EXPLAINS BUSINESS CYCLES BABSON 11 imek RK MASS A april april I 1 it i s 1 I that nen bif if equal auy a mi id intilli enca so tut illi di disirio disi ime im rif e as its to the outlook tor I 1 I 1 ani one f who believe thit that nt it leant the fir it h hilf haf af of the 11 3 iu ill lr fairly good are WB we at As wa we think business is but nut not dawry a psychological affair blanking wd aads both business health und wid mir ph secal hnoth tot tm many arx owa ople arp 11 tinus Uc or due to ti thieu physical eon diton to the newspaper headlines and to elhat say but these men inen may guess at their conclusions most moot people think that stocks go up when there them aine am more buyers than sellers and BO co down dow n when there their are more selle sellers than buyers mia is totally wrong wrt ng os as can be a seller a buyer nw nor a buyer without a sd soller ler stocks go 90 up when people ure more impatient to buy than to sell and stocks go down dmm when people are more MOM to sell than to buy the same appi lies liets to gen general erial business roal 1 estate irate sales and even wing wages the impatience pk to buy or to seu sell atnes prices impatience to buy followed by impatience to sell followed again agal n by impatience to buy causes business cy cycles how to measure no one as ya y A his has discovered how to measure mass maw impatience photographers claim they can do it by photographing and studying itlie faces of ithe the people on the streets or in stares or at public ath ednes physicians clawn UM we can the iia I ia five 4 f gieir eti t ats valto to cul call thin TU low Dow Jont Jonet titu oi ills ts ta bink tho cui the rola tive impi tience of kopl by a of el bellarts larts ixil ut I 1 ane not an ih artists hartis ts who heanis noli h tv t study ti i clans hopt tient the mah 1 I brains tig devel develva bv 01 as or ilarue or antio Nul lonal nal ca chuh ali retti regi ter company will solve ahe preb lean 1 I however have more faith in the work rk of dr ernt ft it mr of logy university of Tenn knoxville aw our brains basins hearts he and arid oth mothr r organs omans arc am sending out electrical waves perhaps our entire body is sending out buich waves it is entirely possible that our ambition mv c trot worries cour oice and even spiritual factors aich which are forces wees that make for or prosperity or could be by studying the elect electric rit waves or compounds wnm which our akin is ceaf 11 throwing Y Z off if NUs it if possible 0 s to diab individuals i f individually i n we be able to biagi w e a co community W en masse I 1 forecast tills will be done some day first analyzing the th e ph of the sputum of 04 th ahta croup group A A final thought Te television levisOn stations are now sending waves into our homes homm by studying the f facts a s f M speakers 1 k L V R athen V h m t unconsciously ri E ly in aar it may ili be 1 possible x z i L I 1 e t to k know i A t their I 1 i t L r e h a r W r and arid attitude toward life hug was WIN well WA 11 illustrated cited by donator fatti crime horing wre re chown two N oa r ago io on oil t olov lo 10 I 1 now un ivi us its asi A lidi ik brI brodi liali tation temp harily sli dl s li its down daily for avo uvo mint minutes ites and nd that vav vry y public lecomet le comes n sendling ing station tation si und arid it own bodily javns fillippi filli id in r thee thew could aw t colleti d bv mis ims brood casl ast ak ing ulion wan i holud kempor ariev a ing st iton it eliose e misi bavos in h y in it should he ie posing pot sibil to fo forecast fore beinesh bui ith matir 1110 barring tit HII ill 1111 atlen lt len ceita if tit alie combined 8 of if nil it 11 sections shoed hamd ho Md the niti oi to 1 be ft frightened arid impat ent for for otila then a I 1 business daline ma nia be he forecast so long however as the e people arc are throwing hig off optimistic waves or normal skin reactions eions then continued prosperity I 1 dl n be b e as ared all it authorities I 1 I 1 leg could then agree as to the future from froin the poll of leading newspaper publishes s which we tool in december we concluded that less than 5 percent of the people were then discouraged hence we cannot now be pessimistic about 1954 |
