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Strategies & Market Trends : Currencies and the Global Capital Markets
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To: Chip McVickar who wrote (110)5/14/1998 10:48:00 PM
From: Hector  Read Replies (1) of 3536
 
Chip,

In 1929, a couple of months before the great crash, Irving Fisher, probably the most prominent American economist of the century, stated that the country had reached "a plateau of permanent prosperity".

Fisher lost most of his sizable fortune in the Depression. There's a reason Economics is known as the "dismal science".

Regards,
Dave
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