What not to say when the stock market gets 'yippy'
The tone-deaf reassurances of economists and politicians
On October 15, 1929, economist Irving Fisher spoke to a regular meeting of the Purchasing Agents Association at 2 Park Avenue in Manhattan about gyrations in the stock market.
The Dow had climbed by more than 600 percent over the preceding eight years and some forecasters were warning of a coming crash. Traders were gettin…
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