Archive
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Genuine Recovery
In spite of recent hesitation in commercial and industrial activity, it is becoming more evident that recovery is actually in process. After a three year decline in total savings, the country is again building up its savings
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The Work Relief Program
The main part of the President’s address was devoted to a discussion of the manner in which he intends to spend the $4,800,000,000 which Congress has provided. The President stated that in directing this vast Works Relief Program he would recognize a number of fundamental principles.
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Production, Purchasing Power, and Prices
A glance at the three basic charts on the last page of this bulletin reveals that a substantial degree of recovery from the 1932-33 depths of the depression has occurred.
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Future Earnings
Except as it bears upon the prospects for future earnings this discussion of profits during the past three years is primarily of academic interest. However, there are grounds for hope that the future earnings trend will be more favorable.
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The Relief Problem
In the face of real and substantial betterment in employment conditions during the past two years, Federal relief expenditures have increased steadily. Instead of a tendency which should be observable for relief costs to decrease, relief rolls have been augmented although private employers were hiring more men.
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A Blow to the “Over-Savers”
Recently, the daily papers carried a press dispatch with large headlines to the effect that there was serious danger of a power shortage in the event of war. This news item had all the earmarks of carefully manufactured propaganda intended to prepare the public for further excursions into the public utility business by the Federal…
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Silver Madness
It now appears that the United States Treasury is sponsoring speculation in silver with reckless abandon. Perhaps this will be the match to light the inflation bonfire.
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Over-Savings Again
The past week has been an ominous reminder of those fateful days in the summer of 1914 when the civilized world was rushing headlong toward war. There has been a difference, however, of sufficient importance to set at rest fears of immediate hostilities. Germany has no allies. The time for wiping out the record of…
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The Survival of Capitalism
Out of a welter of confusing business and political trends there now and then appear indications of improvement in basic conditions which are obscured by the more spectacular events of the day. For instance, the steady and substantial increase which has been taking place in the volume of the nation’s purchasing power as represented by…