Word: normal
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Berlin Conditions Near Normal...
...large corporations. Recently Mr. Bancroft and some of his assistants have been engaged in making a study of present business conditions, with the intention of making a forecast for the next few years. In a recent interview for the CRIMSON, Mr. Bancroft laid emphasis on the fact that the normal business cycle has been so distorted by the war that the period of depression which business is about to enter will be one of the worst ever experienced by this country...
...this period business has been conducted chiefly on hearsay, and there has been a great deal of seatteration of authority, of 'passing the buck' when it came to making a decision of business policy. The great cry today is to do away with this, and to get back to normal. But what are our prospects of getting back to normal...
When asked through what stages we would pass before business would be back on a firm foundation, Mr. Bancroft replied, "At present we are about 15 to 20 per cent below normal. This condition will last about six months longer, to be followed by a period of flash prosperity, not more than a year in length. This will be due partly to a return of confidence, and partly to a return of inflated currency...
...long time for them to get there. Another point which might be made here is that this talk about the return of business activity being dependent upon the fall of prices is ridiculous. We will have a resumption of business activity long before the general price level returns to normal...