Word: shopkorn
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...Stanley Shopkorn of Salomon Bros., the true riddle of the economy at this point is whether the market is seeing a real business turnaround, or "merely reacting to the Federal Reserve attempts to create one." Out in America's mines, ills and factories, the mood remains dark. Many businessmen have been crushed by two years of economic stagnation, foreign competition and a shrinking U.S. industrial base. It will take more than rising stock prices or election-year easing on credit by the Federal Reserve to convince them that the long economic winter is finally over. -By John S. DeMott...
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