Outlook for Capital Issues and Durable Goods

Archive Report


The right to reproduce material contained in Editorial Research Reports is strictly reserved to the newspaper clients of the service. Verbatim use of such material by others will be permitted only upon written authorization of the editor.

Richard M. Boeckel, Editor.

Investment and Durable Goods

The slump in production of durable goods has been pointed out as the major factor in the 1929–33 depression, and the failure of durable goods production to return to prosperity levels has been regarded as a leading cause of the subsequent alternations of recession with recovery. This analysis of recent economic history was reiterated by Isador Lubin, federal commissioner of labor statistics, at the opening of hearings before the Temporary National Economic Committee, in testimony which set the keynote for its investigation.

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