“The end of the decline of the Stock Market will probably not be long, only a few more days at most.”
– Irving Fisher, Professor of Economics at Yale University, November 14, 1929
“…there are indications that the severest phase of the recession is over…”
– Harvard Economic Society (HES) Jan 18, 1930
“… the outlook continues favorable…”
– HES Mar 29, 1930
“… the outlook is favorable…”
– HES Apr 19, 1930
“…by May or June the spring recovery forecast in our letters of last December and November should clearly be apparent…”
– HES May 17, 1930
“… irregular and conflicting movements of business should soon give way to a sustained recovery…”
– HES June 28, 1930
“… the present depression has about spent its force…”
– HES, Aug 30, 1930
“We are now near the end of the declining phase of the depression.”
– HES Nov 15, 1930
“Stabilization at [present] levels is clearly possible.”
– HES Oct 31, 1931
