CBS Evening News for Tuesday, Dec 31, 1985
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(Studio) Government figures with regard to trade deficit in November stated; figs. given on screen. Deficit for year through November given. STK. MKT. REPORT Report introduced re: prospects for stock market in 1986.
REPORTER: Charles Kuralt
(NYC) 1985 on stock market recapped. Mood at economists' convention in New York City reported to be more pessimistic for 1986. [ECONOMISTS - comment.] Predictions from government with regard to economy said different. Scene from Monday shown. [Commerce Department spokesperson Clarence BROWN - predicts good year for 1986.] Outlook described; track record for economists' predictions noted. Ex. given of Roger Babson's prediction of continued prosperity with election of Herbert Hoover as President, when Great Depression actually began. [Other ECONOMISTS - comment.]
REPORTER: Ray Brady
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