| Show No Place for Money I In Industrial Investments I wrote two very statements statements statements state state- ments this week week- one saying Industry Industry industry indus Indus- try had not slowed down and the theother theother theother other that there was no place to invest in invest invest in- in vest money in industry and g government government govern govern- vern- vern ment bonds with minimum risk was the only place a billion dollars co could ld find returns in last year One statement cant can't be to the other Either industry is slowing slowing slowing slow slow- ing down making less not attractive attractive attractive attract attract- ive to investors or the little returns on government bonds are higher than industry even if iC it Is not slowing down can earn Then I 1 turned to the published report of or the National City Bank of oC Yew term money rn rates es long ago lost all sensitivity under the overwhelming surplus of available funds And a sub-head sub A Criticism of Cheap Money Policies The banks are arc loaded with money that be put into and hence Into government bonds The two S statements are arc not reconcilable reconcilable reconcilable recon recon- Industry as a IncludIng including including ing big and little Is slowing up tip not making money and investors are afraid afraid afraid a- a fraid to invest In it preferring to take bonds bonca with minimum of ot chance and 10 tolo Income You Yes pretty soon icon 1 ment will have all the coined money and all the credit evidences Then business business- Power and wealth are gravitating toward Washington Washington- a result unfavorable unfavorable unfavorable to business |
