Show NO DEEP SLUMP COMING KIPLINGER SAYS Current fears of a serious recession are not warranted according to a special report by the Kiplinger organization released this week A period of normal norma pr progress ress for the next five or six years is predicted by the Washington business business business busi busi- ness reporting firm Any letdown or slump will be temporary the editors say a pause pause not not a deep slump or depression or Then in five or six years a new boom will set off the greatest era of economic growth this country has ever known Underlying the new boom are these facts POP POPULATION LA TION Extra high birth i rates in the and sas will produce a population bulge in the Ws and of young men and women marrying or ready to marry Marriages make homes homes make business bus NEW PRODUCTS PRODUCT NEW IDEAS Technical scientific scientific scientific and mechanical developments of the past few years are being rushed into use producing a crop of new products GOVERNMENT POLICY Both parties and all political political political po po- po- po groups are bullish committed to full employment and an economy going at full speed with the government an active partner The bad news is that more inflation will accompany the boom according to the Kiplinger report Prices will go higher higher in in 10 years 15 per cent higher in 25 years 50 per cent higher The new boom of the will bring an upsurge in housing accompanied by further suburban growth increased land prices more luxury homes New businesses will increase All the talk about small business being doomed is a lot of bunk according to the editors Service lines will grow fast Retailing repair maintenance maintenance maintenance main main- banking real estate insurance as well as recreation recreation recreation tion travel and vacation-connected vacation bus businesses nesses Population of Utah will grow 44 per cent by 1970 their figures show The growth here totals Colo Colorado lorado lo- lo rado will grow 42 per cent Idaho 14 per cent New Mexico 42 per cent and Ar Arizona ona and Nevada starting low will boom Arizona Ariona up 79 per cent and Nevada 92 per cent |