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ÛÏThe weakness in the economy during the first half of the year was due to special factors, mainly the sharp increase in energy prices and disruptions in oil supplies.Û</br></br>All, you say to yourself, merely an assortment of confusing statements that have graced the columns of the nation's newspapers licies turned what might have been merely a bad recession into the worst economic slide since World War II.</br></br>To the investor who is waiting to plunge into the stock market after stock prices in general are at or near the bottom, the future course of the economy is critical.</br></br>The Dow average has been in the 800s all year, rallying briefly, then reversing itself. If a severe recession is in the offing, then stock prices have some more ground to lose before there is</br></br>For in the summer of 1974ÛÓas the nation focused on the final gasps of a disgraced, administration and the natal twitches of a new oneÛÓeconomists and analysts debated whether the United States was in a recession.