Now It's History

Now It's History

What not to say when the stock market gets 'yippy'

The tone-deaf reassurances of economists and politicians

Richard Galant
Apr 13, 2025
∙ Paid

a statue of a bull on a brick street
Photo by fabio Spano on Unsplash

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…

User's avatar

Continue reading this post for free, courtesy of Richard Galant.

Or purchase a paid subscription.
© 2026 Richard Galant · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture