"Believe nothing until it has been
officially denied" (1956) Claud Cockburn
"Nobody believes a rumor here until it's
officially denied" Edward Cheyfitz, Washington D.C.
"Believe nothing merely because you have been told it"
Buddha
"No Congress of the United States ever
assembled, on surveying the state of the Union, has met
with a more pleasing prospect than that which appears at the present time..." President Coolidge,
Dec. 4,
1928
"The nation is marching along a permanently
high plateau of prosperity" Irving Fisher, 1929
"Stock prices have reached what looks like a
permanent high plateau... I expect to see the stock
market a good deal higher than it is today
within a few months" Irving Fisher, Professor of
Economics,
Yale University, Oct 15, 1929
"The industrial condition of the United
States is perfectly sound... nothing can arrest the
upward
movement" Charles E. Mitchell,
president of the National City Bank, October 14, 1929
"The markets generally are now in a healthy condition... values have a sound basis in the general
prosperity of our country" Charles E.
Mitchell, president of the National City Bank,
October 15, 1929
"I doubt if anything that will not affect business can affect the market, which is like a
weather-vane pointing into a gale of
prosperity" Charles E. Mitchell, president of the
National City
Bank,
October 16, 1929
"...fundamentals remained unimpaired" Charles E. Mitchell, president of the National City Bank,
October 24, 1929
"There is nothing in the business situation to justify any nervousness" Eugene M. Stevens, President
of Continental Illinois Bank, October 30, 1929
"the fundamental business of the country -- that is, the production and distribution of goods and
services -- is on a sound and prosperous basis." President Herbert Hoover, October 30, 1929
"O sides, you are too tough; Will you yet hold? How came my man i' the stocks? William
Shakespeare
"Bring him forth: has sat i' the stocks all night, poor gallant knave. William Shakespeare
"Never believe in anything until it has been officially
denied" Otto von Bismarck, 1815-1898
Home Page: Future, Doomsday, Year2000
