] Of course, none of this means that the economy is impervious to setbacks or depressions. We have had them before and, chances are, we will have them again. An economy is a subtle and, to a considerable extent, still unknown combination of forces which produces prosperity only when a certain balance is maintained among them. Until all the factors establishing the balance are understood and controlled, dislocations can and will occur. It also follows that depression is pervasive. Stock values are a sensitive”and sometimes nervous”barometer of economic weather, but they are not the only gauge affected in times of stress.


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