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...that inflation in the entire economy eased from 5.2% in the second quarter to 4.4% in the third, and housing starts in September jumped 18%, to an annual rate of 1,814,000. Still, Ford was looking ahead with some apprehension to the report of the economy's index of leading indicators; it is due out this Friday, four days before the election...
...couple of months ago, Ford had reason to hope he would go into the election with the economy a decided plus. By hewing to conservative, grow-slow policies, he had done much to lift the country out of its worst post-World War II recession. The Consumer Price Index has been steadily coming down, from a disastrous 11% in 1974 to a merely awful 9.1% in 1975 to an encouraging 5½% this year. Yet Ford's hopes were frustrated by a lot of discouraging statistics...
...bull market that developed with the onset of recovery last year seemed to have been taken over by the bears. In five days of busy trading last week, the 30 stocks of the Dow Jones industrial average, still the most widely watched Wall Street barometer, plunged 15 points. The index touched 932, its lowest level since January, before picking up again to close the week...
...household items like furniture, refrigerators and TV sets. Yet other key indicators suggested continued economic softness. In September, retail sales rose an almost imperceptible .1% over August. Higher spending on farm equipment and fall clothing was largely offset by a sharp drop in auto purchases. Moreover, the industrial production index, at 131.3, remained unchanged from August, the first tune factory output had failed to rise since March...
...Fisk '78, a Music concentrator, said plaintively yesterday that he is taking it because he wanted to understand Walter Cronkite when he talks about the Dow Jones index...