Not all economists want to date Rosy Scenario

Among well-known and respected economists, Robert J. Genetskihas been as optimistic as any. Since the Black Monday stock marketcrash, others have from time to time warned of another 1929 andanother Great Depression. Or at least a recession.

But Genetski, a senior vice president at the Harris Bank and thebank's chief economist, prefers to talk about what he calls "thelongest peacetime recovery in almost 200 years."

If anything could shake his belief in the continuation of anupbeat economy, it is the pronouncements this past week or so ofeconomist Edward A. Hyman. Hyman's message is this: Maybe we'llnever again have a recession, much less a depression.

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