ECONOMISTS ARE USUALLY AS GOOD AT FORECASTING AS THE AVERAGE AMERICAN WITH A COIN!

“The end of the decline of the Stock Market will probably not be long, only a few more days at most.”

$1+ TRILLION/ YEAR IN FED WELFARE TO BIG BANKSTERS CUT BY 7%.

NOW BANKERST WELFARE IS SLIGHTLY BELOW $1 TRILLION!

— Irving Fisher, Professor of Economics at Yale University, November 14, 1929

“…despite its severity, we believe that the slump in stock prices will prove an intermediate movement and not the precursor of a business depression such as would entail prolonged further liquidation…”

— Harvard Economic SOClETY (HES), November 2, 1929

“… a serious depression seems improbable; [we expect] recovery of business next spring, with further improvement in the fall.”

— Harvard Economic SOClETY, November 1O, 1929

In most of the cities and towns of this country, this Wall Street panic will have no effect.”

— Paul Block (President of the Block newspaper chain), editorial, November 15, 1929

“Financial storm definitely passed.”

— Bernard Baruch, cablegram to Winston Churchill, November 15, 1929