US economy down | Socialist Action 1983

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have beer the and got produced This will be CLPs etc organise leaflets and the Compton for the third month running despite forecasts that cheaper oil would lead to a new boom. Auto production is down to 136,699 compared with 183,266 last month, the most dramatic decline. But there were falls of up to 10 per cent in Electric power production, paper, and rail freight.

Puzzled US economists cannot account for it, though a straightforward Marxist analysis suggests that the next slump is due some time between the middle of this year and the middle of next. Postwar business cycles run at around seven years between slumps - and the last one was in 1981. Moreover the US rate of profit turned the corner and started declining at the end of last year - the clearest indicator of coming problems.

WERKLY INDEXES BLADING - 180 - 178 • 176