Mar 28, 2010

gotta love these forecasts!

"Stocks have reached what looks like a permanently high plateau."
Irving Fisher, Professor of Economics, Yale University, 1929.

"1930 will be a splendid employment year."
U.S. Department of Labor, 1929.

1 comment:

TomasH said...

Fisher lost all his (& a lot of his relatives') money because of that. At least he believed in what he was saying...