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The Nation

July 21, 1986

President Reagan's chief economic adviser predicted continued economic growth for the U.S., but a leading economist cast doubt on the nation's financial health. "The conditions leading to recession in the past are not around today," said Beryl Sprinkel, chairman of the Council of Economic Advisers, appearing on NBC's "Meet The Press." "The leading indicators are very strong. Interest rates have been going down, the stock market has been on a rising trend most of the time. The prospects are for continued improvement in economic activity." But Alan Greenspan disputed the Administration's expectations. "It's too early to say we're on the edge of a recession," Greenspan said, "(but) there is no question that the underlying framework is deteriorating."

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