http://bigpicture.typepad.com/comments/2006/11/19271933_chart_.html
Link: The Big Picture | 1927-1933 Chart of Pompous Prognosticators.
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I see nothing in the present situation that is either menacing or warrants pessimism... I have every confidence that there will be a revival of activity in the spring, and that during this coming year the country will make steady progress."
- Andrew W. Mellon, U.S. Secretary of the Treasury December 31, 1929"I am convinced that through these measures we have reestablished confidence."
- Herbert Hoover, December 1929"[1930 will be] a splendid employment year."
- U.S. Dept. of Labor, New Year's Forecast, December 1929"For the immediate future, at least, the outlook (stocks) is bright."
- Irving Fisher, Ph.D. in Economics, in early 1930"...there are indications that the severest phase of the recession is over..."
- Harvard Economic Society (HES) Jan 18, 1930"There is nothing in the situation to be disturbed about."
- Secretary of the Treasury Andrew Mellon, Feb 1930...
